Tuesday, February 17, 2009
Russia, India sign 700 million dollars in nuclear fuel deals
Russia signed more than $700 million in deals on February 11 to supply India's nuclear reactors with fuel pellets, Russia's state-owned nuclear company said in a statement.
Major nuclear powers - including Russia, European states and the United States - are scrambling to sell nuclear services to India, which is trying to build new generation capacity to cope with a projected increase in demand for energy.
Atomenergoprom said its nuclear fuel unit, TVEL, and Indian nuclear officials signed the deals in Mumbai on Feb. 11.
"The total cost of contracts is more than $700 million," it said, adding it was the first long-term nuclear fuel contract signed with India since the 45-nation Nuclear Suppliers Group last September lifted a ban on nuclear trade with India.
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Major nuclear powers - including Russia, European states and the United States - are scrambling to sell nuclear services to India, which is trying to build new generation capacity to cope with a projected increase in demand for energy.
Atomenergoprom said its nuclear fuel unit, TVEL, and Indian nuclear officials signed the deals in Mumbai on Feb. 11.
"The total cost of contracts is more than $700 million," it said, adding it was the first long-term nuclear fuel contract signed with India since the 45-nation Nuclear Suppliers Group last September lifted a ban on nuclear trade with India.
To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com
Labels: fuel pellets, india, India's nuclear reactors, nuclear fuel contract signed, nuclear powers, nuclear services, Nuclear Suppliers Group, nuclear trade, Russia
Tuesday, September 2, 2008
India, United States begin reworking draft nuclear deal
The United States and India began reworking a draft agreement to win approval from a global nuclear trade bloc that has been skeptical of the two nations' proposed civilian nuclear deal, officials said on August 25.
A 45-nation meeting on whether to lift a ban on nuclear trade with India ended inconclusively last week after many members wanted to attach conditions, like trying to ban further nuclear tests by the Asian power.
The deal would allow India access to nuclear technology and fuel, overturning a three-decade ban on trade after India tested nuclear weapons in 1974.
The countries in the Nuclear Suppliers Group (NSG) was scheduled to meet on September 4-5, when the United States is expected to rework the draft for a waiver breaking the nuclear trade embargo.
To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com
A 45-nation meeting on whether to lift a ban on nuclear trade with India ended inconclusively last week after many members wanted to attach conditions, like trying to ban further nuclear tests by the Asian power.
The deal would allow India access to nuclear technology and fuel, overturning a three-decade ban on trade after India tested nuclear weapons in 1974.
The countries in the Nuclear Suppliers Group (NSG) was scheduled to meet on September 4-5, when the United States is expected to rework the draft for a waiver breaking the nuclear trade embargo.
To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com
Labels: Asian power, civilian nuclear deal, draft agreement, india, Nuclear Suppliers Group, reworking, Richard Boucher, United states
Sunday, July 27, 2008
Victory Vote clears way for nuclear deal with United States
The Indian government survived a crucial vote of confidence on July 22, clearing the way for the contentious nuclear energy deal with the United States, after a debate peppered with dramatic allegations of backroom lobbying and bribery.
The vote concluded a bitter nine-month battle in support of the deal by the now-beleaguered coalition government of Prime Minister Manmohan Singh. The agreement, which would give India access to the world market for nuclear fuel and technology, must now be approved by the International Atomic Energy Agency and the Nuclear Suppliers Group, which governs the trade of nuclear materials. The U.S. Congress would then vote on the accord.
"This vote gives a clear message to the world that India's head and heart are sound and India is prepared to take its rightful place in the comity of nations," said a beaming Singh, whose supporters burst firecrackers and beat celebratory drums in the streets of New Delhi. "I have always said the deal was important and now we know it."
To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com
The vote concluded a bitter nine-month battle in support of the deal by the now-beleaguered coalition government of Prime Minister Manmohan Singh. The agreement, which would give India access to the world market for nuclear fuel and technology, must now be approved by the International Atomic Energy Agency and the Nuclear Suppliers Group, which governs the trade of nuclear materials. The U.S. Congress would then vote on the accord.
"This vote gives a clear message to the world that India's head and heart are sound and India is prepared to take its rightful place in the comity of nations," said a beaming Singh, whose supporters burst firecrackers and beat celebratory drums in the streets of New Delhi. "I have always said the deal was important and now we know it."
To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com
Labels: agreement, battle, BJP, celebrations, IAEA, india, Lok Sabha, nuclear deal, Nuclear Suppliers Group, Prime Minister Manmohan Singh, United states, US Congress, Victory, votes
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