nuclear-news

Nuclear marketers see India as a saviour of nuclear industry

U.S. President Barack Obama and Indian Prime Minister Narendra Modi agreed at a June 7 summit that U.S. nuclear reactor maker Westinghouse Electric, a subsidiary of Japan’s Toshiba, would build power plants in the South Asian nation. In a statement following their meeting in Washington, Modi and Obama said they welcomed the announcement by the Nuclear Power Corp. of India and Westinghouse that they would finalize a contract by June 2017. The two companies had said they would immediately begin the work of designing reactors and selecting locations.

As the nation opens its market for nuclear plants, competition is likely to intensify between the U.S., France, Japan and other countries seeking a greater market share.

France reached an agreement early this year to start a development project in western India in 2017. Although a formal agreement has yet to be signed, the country will compete with the U.S. to become the first Western country in about 40 years to deliver a reactor to India. Japan also reached a broad agreement with India in late 2015……..http://asia.nikkei.com/magazine/20160616-POWER-PERFORMERS-of-the-Asia300/Business/Nuclear-power-plant-builders-see-new-opportunities-in-India

June 17, 2016 - Posted by Christina Macpherson | India, marketing