nuclear-news

USA keen to market nuclear technology to India

Clinton presses India for nuclear business, Google News,(AFP) – 19 July 11 NEW DELHI — US Secretary of State Hillary Clinton pressed Tuesday for easier access to the Indian market , for US nuclear energy firms, who are trailing their French and Russian competitors.

Former president George W. Bush concluded a landmark energy pact with India in 2008 that lifted an embargo on selling atomic technology to New Delhi imposed after the country’s first nuclear test in 1974.

Despite the diplomatic efforts of Washington to push through the deal, privately run US firms such as Westinghouse and GE-Hitachi have so far lost out in the race to land contracts to build new reactors…..

The main problem for US operators is a clause in India’s new nuclear liability bill that makes the suppliers of reactors liable for 80 years for any accident at a plant.

While state-run groups have been happy to take on such risks, private companies are unwilling to sign up and are unable to find insurance to cover them for potentially crippling claims for damages…..

http://www.google.com/hostednews/afp/article/ALeqM5hUyhAGJ4JtO6jQehZLOd9qLOmcgg?docId=CNG.d6302f5fdf47380d57e991a1d3bf4851.c1
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July 19, 2011 - Posted by Christina Macpherson | Uncategorized