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Indo-US nuke deal opens up investments worth $40bn

Indo-US nuke deal opens up investments worth $40bn
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First Published: Sun, Aug 12 2007. 03 25 PM IST
Updated: Sun, Aug 12 2007. 03 25 PM IST
PTI
Mumbai: The Indo-US civil nuclear deal has opened up the possibility of investments worth $40 billion (1,60,000 crore) over the next 15 years to step up nuclear power generation, with leading firms like White Westinghouse, General Electric, Rosatom and Siemens unveiling plans to do business with the country.
After nearly 33 years of nuclear isolation, India’s nuclear power generation capacity is expected to rise to 40,000 MW by 2025 with access to several 1,000 MW-plus advanced light water reactors and a committed fuel supply, and nuclear commerce is expected to go up to $40 billion, Nuclear Power Corporation of India Chairman S K Jain told PTI in an interview.
“Once all the necessary steps are taken by India and the US and after getting a signal from the Nuclear Suppliers Group, India will get to do global nuclear commerce which will not only enhance the indigenous programme with imported fuel but also help accelerate nuclear power with imported power plants as an additionality,” Jain said.
As a spin-off of the Indo-US deal, Indian companies participating in the nuclear power programme and new players in the field like the Tatas, Reliance Energy, Birlas and Vedanta will benefit immensely as it is estimated that 50% of the total investments would benefit Indian industry, he said.
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First Published: Sun, Aug 12 2007. 03 25 PM IST