Thursday, March 30, 2017

Dinesh Kamath's Editorial 'Indo-U.S. nuclear deal' that was published in Newsband

Indo-U.S. Nuclear Deal
The Indo-U.S. civil nuclear agreement has faced one obstacle after another. By June 2017, six reactors were to be built in Andhra Pradesh by Toshiba-owned Westinghouse and the Nuclear Power Corporation of India Ltd. (NPCIL). But there could be a delay in this. The government and officials should re-examine the country’s engagement with nuclear energy for future needs. The cost of importing reactors, relative to those based on indigenous design, is one concern. Land acquisition issues remain, along with the need for large water reservoirs for the reactors. However, of all his achievements in the Prime Minister’s Office (PMO), Dr. Singh will be remembered for the nuclear deal.
The promise of nuclear power has thus far outweighed all of these concerns, and India has reason to be proud of its technology and determination to look for non-fossil alternatives in its energy planning. However, with rapid progress in technology in other renewable energy sources such as wind and solar power, the collapse of oil prices and the expansion in gas projects as a viable and clean alternative, that promise has dimmed. These could also be more cost-effective for a developing country such as India.
Nuclear power is one of the good options available to India for green power. Modern techniques have reduced time frame for construction and operationalisation. UK is building one of the biggest atomic power reactor. India needs to go full stream ahead to indigenously manufacture new reactors especially fast breeders and export the same also
The book 'The Power of Promise' by M V Ramana has a detailed analysis of the potential economic and environmental harms of nuclear power/energy. The book says it is highly uneconomical and environmentally dangerous. That makes one wonder whether nuclear power should be shunned altogether.

Thus India should utilise the delay in Indo-US nuclear deal in positive way. It is the best time for analysis of balance sheet of nuclear deal.

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