India can develop cheapest nuclear reactor

August 23rd, 2012 - 7:29 pm ICT by IANS  

New Delhi, Aug 23 (IANS) India can develop world’s cheapest nuclear reactor - of 700 Megawatt (MW) capacity - at a cost of $1,700 per kilowatt, parliament was informed Thursday.

“India can develop world’s cheapest nuclear reactors with an amount of $1,700 per unit for a 700 MW reactor when compared to an average of $2,500 and $3,000,” Minister of State in the Prime Minister’s Office V. Narayansamy told the Rajya Sabha in a written reply to a question.

One kilowatt is a thousandth part of a megawatt.

The minister said the quality of Indian nuclear power reactors is comparable to that in other countries of the world, including South Korea.

“The completion cost of the indigenous 700 MW Pressurised Heavy Water Reactors (PHWRs) presently under construction is about $1,700 per kilowatt,” Narayanswamy added.

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