As part of a push for cleaner energy, India's Federal Government is planning permit foreign investment in its civil nuclear power industry, and also allow greater participation by domestic private firms. These measures were recommended by a government panel, set up by think-tank Niti Aayog which is headed by Prime...
India And Japan Review Final Steps of Nuclear Energy Agreement
India and Japan hope to sign a nuclear energy agreement when Prime Minister Modi visits Japan this week. The agreement, the first by Japan with a country that has not ratified the Nuclear Non-proliferation Treaty, will enable Japan to export its nuclear energy technology for private-sector use in India, reports...
India Seeks $9 Billion Loan For Westinghouse Reactor
India is reportedly negotiating with the U.S. government's Export-Import Bank for a loan of up to $9 billion in order to help finance a six-unit nuclear unit that involves Westinghouse Electric's AP1000 technology, reports Nuclear Street. However, with the presidential elections ahead, the current situation at the bank is not...
Westinghouse to Build Six Nuclear Power Plants in India
At a meeting at the White House between President Obama and Prime Minister Modi of India it was announced that Pennsylvania-based Westinghouse Electric Corporation and the Nuclear Power Corporation of India Ltd., will begin engineering and site design work immediately for six AP1000 reactors in India which will be operational...
Four U.S. Companies Make Big Moves in India
During Prime Minister Modi’s recent visit to the U.S. to address the joint meeting of members of Congress, several U.S. businesses announced investments into the Indian market, reports Huffington Post. Star India, a subsidiary of 21st Century Fox, announced it will invest an additional $5 billion in the country over...
Westinghouse Hopes to Sign India Nuclear Reactor Deal in June
Daniel Roderick, the chief executive of Toshiba Corp's Westinghouse Electric said he expects to sign a deal in June to build six nuclear reactors in India. “It may take until, I'm going to say, early June, which is the next time that there's going to be a government-to-government meeting with...