India to Double Nuclear Energy Generation
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Topic: Other — July 10th, 2007
The State of Orissa in India is considering a proposal to build a 4,000 to 6,000-megawatt capacity nuclear power plant, which would double the country’s nuclear power generation which is about 4,120 MW at the moment.
The plant is being proposed in the light of the US government’s offer of technology under the bilateral nuclear cooperation agreement with India.
S Thakur, executive director, planning, at NPCIL (Nuclear Power Corporation of India Ltd) said:
“In anticipation of India being able to get international cooperation and access to nuclear technology, we are thinking of setting up large capacity nuclear power plants in coastal locations which be of the order of 6,000 MW to 8,000 MW.” Mr Thakur also said that he was sure “money will not be a constraint”.
He also said that the prospect of importing good quality uranium from overseas had “brightened chances” for the nuclear power plant.
Well, I wonder where this uranium from overseas is going to come from?
Perhaps from one of our uranium stocks?
It looks like our uranium stocks stand to make a ton of money especially as “money will not be a constraint”
For ideas on how to profit from this and ideas on what uranium stocks to buy, please subscribe to our newsletter, free of charge, by clicking here.
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INDIA has signed an agreement with Russia for the supply of 3300 tons of uranium, as supply constraints had forced India to run many of their nuclear plants at less than half their operating capacity, according to Indian national newspaper reports. What does this imply for world uranium prices?
Comment by K. Bedi — February 18, 2009 @ 2:33 am
again, no mention of the u.s. as the nuclear world marches on. a japanese consortum has locked up one of australia’s uranium producing companies; the u.s. ALREADY imports 80% of nuclear needs, not to mention oil products. well, it’s not going to be pretty. load up on explorers with ‘pounds in the ground’.
Comment by richard mruz — February 21, 2009 @ 8:43 pm