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« As the industry struggles, is it 'time to recognize the nuclear show’s over'? | Main | Judd Gregg: Nuclear power presents opportunity for Trump »

Why is India investing in nuclear energy when the whole world is experiencing a nuclear meltdown?


The global nuclear industry is going through a virtual meltdown on both sides of the Atlantic Ocean, according to PTI.

This is happening even as India is investing heavily in nuclear energy. This collapse of atomic giants offers New Delhi a new opportunity and many in the Indian atomic establishment are silently celebrating this premature death of suitors who were wooing to put tens of atomic plants in India estimated to cost at least USD 150 billion.

"This atomic meltdown is a blessing in disguise" was how a top government official described the unfolding scenario.
In addition, in these changed circumstances, if the Indian private industry plays its cards right, it could also provide an opportunity to the country to become a hub for low cost suppliers of nuclear technology. A little far-fetched but who knows how energy games get played in the future.

In a way the diplomatic noose that had been tightened around India's neck to buy super expensive French and American nuclear reactors has on its own been loosened if not shed at all.

read more......

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