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September 20, 2005
India opens up its nuclear energy sector to private sector
In a bid to invite investment and produce more nuclear power, India might open up the nuclear energy sector for private participation.
The latest entrant in this sector is the National Thermal Power Corporation, India’s largest power producer that has decided to add 2000 watts of nuclear energy by 2012.
In July, U.S. President George W. Bush promised to help India gain access to civilian nuclear technology and fuel to power its plants.
Bush's announcement, subject to the approval of the U.S. Congress, would remove a ban on sharing nuclear power technology with countries, such as India, that have resisted international oversight of nuclear development.
Reliance Industries and the Tata Group too have evinced interest to invest in the Nuclear energy sector.
-Silicon India
Posted by admin at September 20, 2005 01:21 PM