India is working to set up an insurance pool to indemnify global nuclear suppliers against liability in the case of a nuclear accident, in a bid to resolve concerns of suppliers over exposure to risk. The 2010 nuclear liability law discouraged Western companies and strained U.S.-India relations as companies said...
India Reports “forward looking” Talks with U.S. Nuclear Energy Advance Team
Ahead of President Barack Obama’s visit to India in late January 2015, a meeting of a US-India contact group took place in New Delhi to have discussions on civil nuclear cooperation. The negotiators included U.S. industry representatives from GE-Hitachi and Westinghouse and counterparts from the Nuclear Power Corporation of India,...
Modi Administration Starts to Address Nuclear Energy Liability Law
The Indian government is working on plans to resolve the terms of the nuclear liability law that has staved off foreign and domestic equipment suppliers alike for it holds suppliers, and not just the operator, liable if an accident occurs. The latest trigger for the government’s rethink is the unwillingness...
India may buy overseas Uranium mines and assets
India's Atomic Energy Commission has recommended setting up of a joint venture company between the Nuclear Power Corporation of India and the Uranium Corporation of India to explore the possibility of acquiring uranium assets abroad, minister of state in the Prime Minister's Office V. Narayanasamy informed India's upper house of...
Attempts to insure operating nuclear plants in India
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...