Westinghouse talks with Indian companies for n-business
February 3rd, 2010 - 9:03 pm ICT by IANS ( Leave a comment )New Delhi, Feb 3 (IANS) Even as India and the US are yet to complete procedures for resuming atomic trade, Westinghouse Electric Company Wednesday said it is engaged in talks with three or four Indian engineering companies for tie-ups to supply nuclear reactor equipment.
Westinghouse Electric plans to build nuclear reactors in India once the India-U.S. civilian nuclear agreement is finalised, the chief executive of Westinghouse Aris Candris told reporters.
“We’re in active discussions with three or four companies and close to signing with them,” said Meena Mutyala, business leader for Westinghouse in India.
Westinghouse Electric Co, one of top nuclear energy firms, is owned by Japan’s Toshiba group.
Candris also said India and the US have held talks about an assurance from New Delhi on nuclear non-proliferation under provisions of the US Code of Federal Regulations Part 810 before it could provide clearances to American companies for Indo-US civil nuclear trade.
“Some progress has been,” said Candris.
The 2008 India-US civil nuclear accord has re-opened the doors for American nuclear companies to compete for a piece of billions of dollars in business for which Russian and French companies are already competing.
Candris also said that Westinghouse expected 18-36 months’ delay in starting two AP1000 nuclear reactors it is building in Florida.
India and the US have to complete some key steps before the companies can commence nuclear business. The two countries have to finalise a crucial pact on reprocessing spent fuel. India has to complete a civil liability legislation that will limit damages to American nuclear companies in case of a nuclear accident.
- Infotech inks pact with n-energy firm Westinghouse - Apr 28, 2010
- US team in India to discuss nuclear cooperation (Lead) - Feb 07, 2011
- 'India, US close to settling nonproliferation assurance issue' - Dec 07, 2009
- N-deal: India to provide US firms level playing field - Feb 07, 2012
- India, US reprocessing deal opens n-power market to US (Lead, with Image) - Jul 31, 2010
- After reprocessing deal, nuclear liability law sought - Mar 30, 2010
- India, Japan conclude first round of nuclear talks - Jun 29, 2010
- Top US firms embark on sales mission to India - Jan 14, 2011
- Indian-American appointed to US n-trade committee - Jan 17, 2011
- US eyes sale of fighter jets, high tech items to India - Feb 04, 2011
- Reprocessing deal on table during Manmohan-Obama talks - Nov 17, 2009
- India, US to iron out n-liability irritants - Dec 10, 2011
- India, US sign nuclear reprocessing deal - Jul 31, 2010
- India, US to clinch reprocessing pact Tuesday - Nov 22, 2009
- India, US talks on atomic fuel re-processing begins - Jul 25, 2009
Tags: ap1000, business leader, code of federal regulations, energy firms, engineering companies, french companies, indian engineering, liability legislation, nuclear accident, nuclear accord, nuclear agreement, nuclear business, nuclear reactor, nuclear reactors in india, nuclear trade, tie ups, toshiba group, us code of federal regulations, westinghouse electric co, westinghouse electric company