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.
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