India requires Rs.1.5 trillion for meeting nuclear power targets

January 12th, 2009 - 10:45 pm ICT by IANS  

New Delhi, Jan 12 (IANS) India will have to invest Rs.1.5 trillion in nuclear power plants if it is to meet an ambitious target of generating 63,000 mega watts (MW) from nuclear power by the year 2020, a leading parliamentarian said Monday.“India would require Rs.1.5 lakh crore (Rs.1.5 trillion) if we are to meet the target of generating 63,000 MW using nuclear power. This is possible only through the public private partnership route,” said Abhishek M. Singhvi, member of parliament and chairman, India-US Forum of Parliamentarians.

“This requires amendment to the Atomic Energy Act and new legislation like the Liability Act,” he said while addressing a US delegation of civil nuclear power companies which is here to expedite talks with the government and understand policy issues.

India’s nuclear programme is worth $160 billion in nuclear technology and components.

“The Indian government needs to operationalise many protocols expeditiously, so that private companies from the two countries can step in,” said Steve Hucik, general manager of GE-Hitachi Nuclear and leader of the US delegation.

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |