nuclear-news

USA – India nuclear sales deal

India, US seal first commercial deal on civil nuclear power http://zeenews.india.com/news/delhi/india-us-seal-first-commercial-deal-on-civil-nuclear-power_879777.html 28 Sept 13  Washington: India and the US have reached the first commercial agreement on civilian nuclear power, five years after a landmark deal between the two countries was clinched. 

Addressing a joint media interaction after talks with Prime Minister Manmohan Singh, President Barack Obama disclosed that the two countries have sealed the agreement.

“We’ve made enormous progress on the issue of civilian nuclear power, and in fact, have been able to achieve just in the last few days an agreement on the first commercial agreement between a US company and India on civilian nuclear power,” Obama said.

India’s nuclear operator NPCIL (Nuclear Power Corporation of India Limited) and US firm Westinghouse have signed an agreement that will pave the way for setting up an atomic plant in India.

However, there was no word on the tough nuclear liability clause in the Indian laws over which the US firms had strong objections.

There was a major uproar in India last week over the agreement because of apprehensions that it entailed bypassing the Civil Nuclear Liability Law in place in the country by waiving the operator’s right to recourse with the supplier.

September 28, 2013 - Posted by Christina Macpherson | India, marketing of nuclear