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India’s government seeking private investment for its costly Light Water Nuclear Reactors

Nuclear energy: Government to push for JVs in light water reactor projects, Economic Times By PTI |  Oct 09, 2016, NEW DELHI: To meet the high cost of Light Water Reactors, the government has decided to bring in such projects, which currently involve foreign collaborators, as joint ventures (JVs)with public sector undertakings (PSUs).

This will also allow the Nuclear Power Corporation of IndiaBSE -0.51 % (NPCIL) to focus on financing Pressurised Heavy Water Reactors (PHWRs) that are coming up in the country.

NPCIL is a PSU under the Department of Atomic Energy (DAE) that builds and operates nuclear power reactors in the country. It is currently in talks with two other PSUs, the Indian Oil CorporationBSE -1.35 % and National Thermal Power Corporation (NTPC) for JVs.

The government has recently amended the Atomic Energy Act 1962 to enable such JVs with PSUs. …….http://economictimes.indiatimes.com/industry/energy/power/nuclear-energy-government-to-push-for-jvs-in-light-water-reactor-projects/articleshow/54763723.cms

October 10, 2016 - Posted by | business and costs, India, politics

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