When I was part of the Presidential Executive Mission to India last November, General Electric CEO Jeff Immelt and Boeing CEO Jim McNerney flanked Barack Obama in his first public appearances in Mumbai. Immelt's GE Energy unit had just won its largest order in India to supply six gas turbines,...
Areva gains lead in civil nuclear race in India
France's Areva has signed an EUR 7 billion framework agreement with Nuclear Power Corporation of India Ltd (NPCIL) for the construction of two EPR reactors at Jaitapur in Maharashtra state, to be commissioned in 2017-18, along with uranium fuel of 25 years. Alstom will supply the turbine- generators separately. Site...
India may sign Nuclear Convention on Supplementary Compensation
Prior to President Obama's visit to New Delhi, India plans to sign a critical international agreement that defines the terms of liability and compensation in the event of an atomic accident, says the Indian Express newspaper. The CSC or Convention on the Supplementary Compensation for Nuclear Damage, has been the ...
Nuclear energy liability legislation passes Lok Sabha
Last week, India's Lok Sabha, the lower house of parliament passed a civilian nuclear liability bill that would pave the way for foreign companies to join a nuclear-reactor building spree. This bill caps foreign suppliers' liability in case of an accident at $320 million. The bill now goes to the...
Nuclear treaty benefits start to flow
Using uranium fuel supplied by France's Areva and Russia's TVEL Corporation, three of India's oldest atomic power stations have been able to recover from low capacity factors. The General Electric-supplied Tarapur units 1 and 2 ran at 90 and 99 percent of capacity in the period from April to June...
The next Big Wave: Innovation, Research and Development
I write for Business Week from time to time and this week, Dr. Atul Goel and I wrote a piece entitled: Innovation from India, the next Big Wave. It took them some time to publish the piece, but in many ways it is even more relevant now than when we...