Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

India dreams big on nuclear power  Join our daily free Newsletter

MENAFN - Arab News - 26/01/2013

No. of Ratings : 0
Add to Mixx!


 


A sea-side view of the Kudankulam Nuclear Power Project.
(MENAFN - Arab News) India has big plans for nuclear energy. There are both opportunities for countries to sell nuclear technology and material to India and for smaller countries to buy reactor technology from India. India being a founding member of the global nuclear watchdog the International Atomic Energy Agency in Vienna has had a 'spotless proliferation' record, so doing business with India is opportune in the 21st century.

Indian Prime Minister Manmohan Singh has always strongly batted for use of nuclear energy. Speaking at the diamond jubilee celebrations of the Saha Institute of Nuclear Physics in Kolkata, Singh said: "I am convinced that nuclear energy will play an important role in our quest for a clean and environment friendly energy mix as a major locomotive to fuel our development processes."

In a global landmark, the world's safest nuclear reactor, the 1000 MW Russian made reactor that experts say can never face a Fukushima type of disaster since it can be cooled simply by air flow and gravity in times of emergency is being commissioned at Kudankulam in southern India.

India today has 20 operating nuclear power plants - all owned by the government - which generate about 4780 MW of power and in addition runs about half a dozen research reactors. The country has accumulated according to the government about 350 reactor years of experience and has an "impeccable (safety) record."

Singh a known votary of nuclear power had staked the future of his own government in 2008 in favor of the landmark Indo-US civilian nuclear agreement that brought India back into the fold of global nuclear commerce. India now wants to ramp up its nuclear capacity to 63,000 MW by 2032, by importing reactors from France, Russia and US.

India's nuclear energy program has been unique as it relies mostly on home grown technology and today the Department of Atomic Energy makes its own 700 MW Pressurized Heavy Water Reactors, while a smaller 220 MW reactor is being offered for export to countries who may seek the technology.

Nature unfortunately has been unkind to India as it is not well endowed with uranium and if all the resources are used a 10,000 MW nuclear program can be sustained only for 40 years. But on the other hand since the Indian soils are rich in thorium, a globally unique nuclear energy development pathway called the three-stage nuclear grand plan has been put in place by the country.

The idea is to install small reactors that use natural uranium to generate power, the waste that emerges from this can then be used as fuel in so called "fast breeder reactors" and finally a completely new kind of reactor the Advanced Heavy Water Reactor a plant that feeds on the abundant thorium reserves could generate enough electricity to power the nation for 250 years, fulfilling India's quest for energy independence.

India had been under international sanctions ever since it exploded a nuclear device in 1974, which became stifling in 1998 after India tested nuclear weapons at Pokharan, in the deserts of Rajasthan.

The sanctions were formally lifted in 2008, when the Nuclear Suppliers Group and the International Atomic Energy Agency, suitably amended their rules to accommodate India into the nuclear commerce club in spite of the fact that India has still not signed the Nuclear Non-proliferation Treaty (NPT) or the Comprehensive Test Ban Treaty (CTBT).

India's impeccable non-proliferation record was applauded and an exception made for India so that India's desire to provide clean carbon free energy to its vast 1.2 billion population could be satiated.

Today, India is ready to import 40,000 MW of installed capacity of nuclear reactors of which 20,000 MW may come from two American suppliers General Electric and Westinghouse. Another 10,000 MW may come from Russians and the rest 10,000 MW may be supplied by the French.

Negotiations are at an advanced stage. Efforts are on to find suitable solutions on how to accommodate the requirements of a people-centric nuclear liability regime that the Indian Parliament enacted recently.

If all goes as per plans, the world's single largest nuclear power park may come up at Jaitapur, a coastal site south of Mumbai where AREVA the French nuclear giant is getting ready to install 9900 MW of atomic reactors.

India is one of the few countries that has end-to-end capabilities from mining of uranium, enrichment, using it in atomic power plants and then also has the capability to reprocess the waste so that every drop of energy is squeezed out from the scarce uranium resource.

Since the country believes that plutonium the so-called 'long lived dirty by-product' of a nuclear program is also a rich source of energy, suitable highly modern reactors are being indigenously designed to harness all the energy.

The world's only 500 MW Prototype Fast Breeder Reactor is at an advanced stage of construction at Kalpakkam south of Chennai, a plant that will generate more fuel than it consumes.

Ratan Kumar Sinha, chairman of the Atomic Energy Commission, Mumbai, India's highest decision-making body on matters nuclear says: "India is deeply committed to increasing the role of nuclear energy while ensuring full safety of its citizens."

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help