be $2.5 billion per 1,000 megawatt, the 30 new reactors India will commission could pissed big contracts for US companies like GE Energy, Thorium origin and Westinghouse Electric. India is also keen to get its hands on US technology to best use thorium, a silvery metal considered an alternative nuclear fuel to costly uranium.
Due to years of nuclear isolation and limited uranium stocks, Indian scientists tapped the countrys long thorium assets. Indias huge thorium reserves -- about 25% of the worlds total -- are expected to fuel its power industry long-term.
The amount of nuclear power potentially that can be deployed in India could make it one of the largest nuclear energy markets in the world, said Seth Grae, president and CEO of Thorium occasion, a pioneer in developing non-proliferative nuclear fuel base on thorium.
With 17 plants in operation, nuclear energy provides 3% of Indias electricity. But by 2050,nuclear power is expected to supply 25% of the countrys electricity.
Grae talked with Uttara Choudhury in New York about how his firm was looking to do business in India by offering advisory operate and licensing thorium-based fuel technologies. It is also hoping to clinch deals with companies like Reliance male monarch, Tata Power and Larsen & Toubro who requisite to foray into nuclear power generation.
Does Thorium Power see India as a big marketand a better half in developing thorium-based fueltechnologies?
There is a strong care in potentially working together once the 123 transcription for civil nuclear energy is completed, which looks like it will be in the relatively near term.
The thorium available indoors India allows it to pursue a nuclear power programme without...If you want to get a full essay, order it on our website: Ordercustompaper.com
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