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Japan joins scramble to sell nuclear technology to India, despite Liability Law

Abe,-Shinzo-nuke-1Japan wants slice of nuclear pie, warms up to liability law Indian Express,  by Subhomoy Bhattacharjee , Anil Sasi | New Delhi | June 12, 2014 While Toshiba owns US-based reactor manufacturer Westinghouse, Hitachi is a partner of GE’s reactor business. The deadlock on the liability issue, which had stonewalled progress on the operalisation of nuclear pacts that India had signed with global reactor vendors, is on the verge of being broken.

Japan could offer Prime Minister Narendra Modi a nuclear deal in the civil sector when he travels to Tokyo next month, Hiroshi Hirabayashi, former Japanese ambassador to India and now adviser to Prime Minister Shinzo Abe, indicated.

Russia too is reported to have communicated an “in principle” nod to the Indian nuclear liability law, paving the way for signing a contract for the setting up the third and fourth units of the Kudankulam Nuclear Power Project…….

Japan is a key player in the operationalisation of the commercial nuclear pacts signed by India. Japanese companies are major players in two of the four reactor vendors that have signed preliminary agreements with India for supply of equipment for imported Light Water reactor-based projects planned on coastal sites.

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While Toshiba owns US-based reactor manufacturer Westinghouse, Hitachi is a partner of GE’s reactor business.The government has short-listed Toshiba-Westinghouse’s ‘AP1000’ reactors, GE-Hitachi’s ‘ESBWR’ reactors, along with French firm Areva’s EPRs and the Russian firm Atomstroyexport’s ‘VVER’ series reactors, which are already being deployed at Kudankulam. http://indianexpress.com/article/business/business-others/japan-wants-slice-of-nuclear-pie-warms-up-to-liability-law/

June 12, 2014 - Posted by | Japan, marketing

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