Print This Post
12 February 2015, The Political Indian

Decoding the India-US nuclear deal for business

Amit Bhandari, Author, Energy and Environment Fellow, Gateway House has written an article analyzing the nuclear deal agreement between Obama and Modi. This article has been republished by The Political Indian

post image

With the U.S.-India nuclear agreement clearing two major hurdles on 25 January—civil nuclear liability and administrative arrangements for implementing the civil nuclear deal—everything looks ready to go. U.S. companies can now provide the reactor designs and equipment for building nuclear power plants in India.

The benefits for India are clear: Indian business now has a shot at projects worth Rs 1.05 lakh crores ($17 billion) initially, with more to come over the next decade. For Indian industry, electricity will now be cheaper—nuclear power in India currently costs Rs 2.71 per unit, compared to Rs. 3.3 per unit for the cheapest coal-generated power. And for India’s nuclear industry, this deal will help the country scale up its own indigenous reactor designs and power plants.

CLICK HERE TO VIEW FULL REPORT