According to the Business Standard newspaper, currently, India's atomic reactors are insured only until the time they are not operational. As soon as the fission material is fired into the reactors, the insurance cover ends Nuclear Power Corporation of India Ltd (NPCIL) bears the responsibility of any damages. As NPCIL...
India's nuclear utility gets new executive leadership
After a couple of extensions, Nuclear Power Corporation of India Ltd (NPCIL) Chairman Dr. S.K. Jain retired last month. He was also chairman of sister company, Bhavini, which runs India's fast breeder reactor program. NPCIL has 2o reactors functioning and is India's only nuclear utility. Bhavini runs a small fast...
Nuclear energy production rises 22 percent in India
Aided by imported uranium and new plants, India' s Nuclear Power Corporation (NPCIL) generated 32,455 million units of electricity in the year ended March 31, 2012, 22.5 per cent higher than the year before. Currently, NPCIL operates 19 nuclear power reactors in the country. NPCIL said revenue was $1.9 billion...
South Korea becomes Ninth Country to Sign Civil Nuclear Deal with India
The USA, France, Russia, Canada, Mongolia, Kazakhstan, Argentina and Namibia had already signed some level of nuclear power cooperation agreement with India in the wake of the 2008 breakthrough led by President Bush. Financial benefits have flowed most to Russia and Rance so far. In Seoul last week, visiting Indian...
Construction of Seventh Reactor at India's largest nuclear facility begins
This week, the First Pour of Concrete (FPC) was initiated at RAPP-7, the seventh reactor to built at the Rawatbhata, Rajasthan location in the deserts of northwestern India. The new plant will have a capacity of 700 megawatts, the largest heavy water reactor possible. The Nuclear Power Corporation of India...
Suppliers and Customer Express concern about Nuclear Liability Law
India's parliament passed a new liability law last year. The Civil Liability for Nuclear Damage Bill 2010 determines how the liability for an accident would be apportioned among equipment suppliers and vendors under the provisions of the nuclear liability law. But many suppliers find it lacking. Equipment makers, including India's...