Monday, February 26, 2007

India Plans to Sell Nuclear Power Reactors to Asian Nations Worldwide: "Feb. 27 (Bloomberg) -- Nuclear Power Corp. of India Ltd. is in talks with Southeast Asian countries to sell 220 megawatt atomic reactors once international restrictions on the South Asian nation's nuclear power program are lifted.
``We are trying to showcase our ability to supply this technology to a number of countries that want to benefit from nuclear power,'' S.K. Jain, chairman of Nuclear Power Corp., said in a phone interview yesterday from Goa in western India. ``It's a matter of how long it will take before the U.S. deal is finalized.''
India is waiting to reach a final agreement on its nuclear accord with the U.S. and the International Atomic Energy Agency, the United Nations' nuclear regulator, before it can buy light- water nuclear power reactors of more than 1,000 megawatts from overseas companies.
The Nuclear Suppliers Group, a 45-nation forum dedicated to limiting the spread of atomic weapons, must also approve this agreement. The company also needs international approval before it can sell homegrown pressurized heavy water reactors, he said.
Nuclear Power Corp. has approached Malaysia, Indonesia, Thailand, Cambodia and Vietnam as potential buyers for its 220- megawatt pressurized heavy water reactors, Jain said.
``We are very serious about grabbing the export market,'' Jain said. The company today announced that its third atomic power unit of 220 megawatts at Kaiga in the southern Indian state of Karnataka has gone ``critical,'' or is ready to produce power for consumers. "

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