nuclear-news

Russia keen to stay ahead of Franc e, USA, in marketing nuclear energy to India

Russia Still India’s Main Partner in Nuclear Energy Despite French, US Interest Sputnik News, 18 Nov 116 India struck its thirteenth civil nuclear deal when PM Narendra Modi visited Japan. Despite many suitors ranging from the French to the Americans, Russia is India’s preferred partner and the collaboration is breaking new ground every day. New Delhi (Sputnik) – India has signed 13 civil nuclear agreements to meet its ever increasing energy needs. But India-Russia nuclear cooperation remains the oldest and the most standout partnership because Moscow firmly believed in India’s non-proliferation credentials and helped it set up modern nuclear power plants despite Western opposition because it is not a signatory to the NPT.

Analysts consider India-Japan civil nuclear deal as a landmark even. It will help India access Japan’s nuclear market as also pave the way for US and French companies to set up nuclear reactors in India. Japanese companies such as Hitachi, Toshiba and Mitsubishi have major stakes in US and French companies as GE, Westinghouse and Areva planning to construct reactors in India. Without an India-Japan nuclear deal, it was impossible for them to set up nuclear reactors in India. But the much hyped India-Japan nuclear deal is on fragile ground. According to the terms of the deal, the moment India conducts a nuclear test, Japan will terminate the nuclear deal. This will impact not only the Japanese nuclear reactors but also the US and French reactors. ……https://sputniknews.com/business/201611171047552712-russia-india-nuclear-energy/

November 18, 2016 - Posted by Christina Macpherson | marketing, Russia