nuclear-news

Commercial negotiations between GE, Westinghouse on one side and Nuclear Power Corp and department of atomic energy on the other would take a year to conclude before projects can commence on ground in Andhra Pradesh and Gujarat, a government official said……….

There is another hitch in operationalising the deal as India would need to have a similar pact with Japan since many of the reactor components used by the joint US-Japanese companies come from there………

BHEL and French equipment company Alstom and have been talking for forging an alliance with NPCIL for building nuclear power plants here while L&T forged an alliance with GE in 2009 where the latter proposed provide the technology for ABWR nuclear island equipment and components and the Indian entity taking up the responsibility to engineer, manufacture and construct plant.

GE-Hitachi Nuclear Energy said that it would review the governmental agreement in due course. “We believe a sustainable solution is one that brings India into compliance with the international convention on supplementary compensation,” the company said in a statement given on Sunday.

Toshiba’s Westinghouse Electric Company did not issue a statement but its chief executive officer Danny Roderick told Bloomberg that the company would look at commercial agreements with Indian only after studying the Indian government’s offer to create an insurance pool

“Let us understand that Indo-US civil nuclear deal is government-to-government agreement while the final deals have to reached between companies. There is sense that a lot still needs to be resolved,” said Debasish Mishra, partner at Deloitte Touche Tohmatsu……..

The first country to begin nuclear reactor exports to India was Russian company Rosatom that has supplied equipment for Kudankulam nuclear power plant in Tamil Nadu despite resistance from local communities in the state. French company Areva is also expected to simultaneously export their European pressurized reactors (EPR) taking cue from umbrella agreement between India and US.

Under the umbrella agreement since the technology transfer will happen over a phased manner, nuclear reactor services companies are also likely to set up their shop in India through joint ventures with Indian entities.

The deal could also see increased exposure of Exim banks from US, Canada, Germany, France.  Insurance companies from these countries are also likely to generate business.