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GE Hitachi Nuclear Energy’s struggle to get the Indian market

text-relevantIndia Won’t Buy Untested GE-Hitachi Reactors, Atomic Chief Says, Bloomberg June 29, 2016

  • GE Hitachi reactors don’t have a reference plant, Basu says
  • GE calls for channeling nuclear liability to plant operators

  • India won’t buy untested GE Hitachi Nuclear Energy’s atomic reactors, reflecting safety concerns, the country’s top atomic-energy bureaucrat said.

    “Right now they have offered us reactors that do not have a reference plant,” Sekhar Basu, secretary at India’s Department of Atomic Energy, said in a phone interview. “We will not buy a reactor that doesn’t have a reference plant.”

    India’s reservations come months after General Electric Co. Chairman Jeffrey Immelt said his company won’t risk building a nuclear plant in India, citing the nation’s nuclear liability law, which exposes equipment suppliers to claims and litigation if there is an accident. The law has stood in the way of India’s nuclear expansion plans, as reactor suppliers including GE and Westinghouse Electric Co. weigh risks of doing business in the country.

  • “GE Hitachi continues to have a strong interest in providing our technology to India for the eventual construction of multiple” economic simplified boiling-water reactors, or ESBWRs, the company said in an e-mailed statement. “We believe the path forward requires a sustainable regulatory environment, which would include a nuclear-liability law that channels liability to plant operators consistent with global best practices.”…….
  • EDF has a pact to build a plant in the western state of Maharashtra, while the Russian-designed reactors are being used for a plant in the southern state of Tamil Nadu. http://www.bloomberg.com/news/articles/2016-06-29/india-won-t-buy-untested-ge-hitachi-reactors-atomic-chief-says

June 29, 2016 - Posted by | India

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