1525
India Turns to Nuclear Energy
Energy

India Turns to Nuclear Energy

India's new prime minister is turning to nuclear energy to ease a power crisis made worse by the cancellation of hundreds of coal mining permits, but he faces skepticism both at home and abroad, AFP reported.

Energy-starved India relies on coal to produce two thirds of its electricity, but power blackouts are common and demand is rising quickly as the economy and middle class expand.
The Supreme Court cancelled over 200 coal mining permits last week because the licensing process was deemed illegal, making the need for alternative energy sources yet more pressing.
Prime Minister Narendra Modi has made nuclear a priority as he seeks to fulfill his campaign pledge to improve the country's flagging economy.
But to succeed, he will need to convince a skeptical public that nuclear is safe, and dispel foreign proliferation concerns to secure the imports of uranium and technology that India needs to produce atomic energy. Nearly 400 million Indians still have no access to electricity, according to the World Bank.
India's 20 nuclear plants currently account for less than two percent of its power capacity, but the government wants to boost this to 25 percent by 2050.
Modi has quickly set about trying to achieve that. He secured Prime Minister Shinzo Abe's pledge to speed up discussions on a nuclear agreement during a visit to Japan last month, before signing a deal with Australian Prime Minister Tony Abbott that will pave the way for uranium sales to India.
China's President Xi Jinping also showed willingness to talk nuclear cooperation with India on a visit last week, although no specific pact was announced.

  Foreign allies wary
But foreign allies remain wary of providing such assistance to a nuclear-armed country that has not signed the non-proliferation treaty to prevent the spread of atomic warheads.
Japan wants assurances that no more nuclear weapons will be tested, a promise India is unlikely to give publicly.
A long-standing boundary dispute has meant Beijing has kept its distance, although India remains hopeful of securing Chinese technology. India currently has one of the world's largest reserves of thorium -- a nuclear fuel that is safer to use than uranium.
But the country has yet to master the technology that would allow it to use thorium-based reactors to create power.
"Companies are waiting to make investments," said Anil Kakodkar, former chief of India's Atomic Energy Commission.
"Let policy issues of liability be sorted, and the pace of projects will race ahead," he added. India has not yet defined the extent of suppliers' liability in case of accidents, adding to nuclear power's unsafe image.

Short URL : http://goo.gl/i1hki3

You can also read ...

Russia Says US Sanctions on Iran "Unproductive"
United States' sanctions on Iran's oil industry are...
China to Cut Solar, Wind Subsidies
China will speed up efforts to ensure its wind and solar power...
Oil Coalition Seeks Consensus Ahead of Algiers Summit
With a critical meeting in Algiers fast approaching, a...
Abu Dhabi Planning Biggest Oil  IPO in Decade
Abu Dhabi is pushing ahead with an initial public offering for...
Crude Prises Higher as Supply Concerns Rise
Oil prices rose on Monday as investors worried about the...
New Power Capacity for Sistan-Baluchestan
Operations to build new combined-cycle power plants in...
Abadan  Refinery  Second Phase  on Track
The second development phase of Abadan Oil Refinery in...
ICOFC to Develop  Eight Gas Fields
Iranian Central Oil Fields Company plans to develop eight gas...

Trending

Googleplus