The us nuclear industry was not prepared to consider

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The U.S. nuclear industry was not prepared to consider any cooperation with India under this condition. In 2016, India came up with the mechanism of an Indian insurance pool that could extend protection to the supplier. US Nuclear Companies status: An unconnected development in the U.S. impacted a nuclear revival there: the availability of shale gas at low prices, in the range of $2.50 to $3 per million BTU. In consequence, General Electric de- emphasised the prospects of nuclear energy. Westinghouse orders to build four AP1000 reactors in U.S., suffered great delays and huge cost overruns. Toshiba of Japan, a major owner of Westinghouse, incurred $7-8 billion in losses due to the nuclear business in the U.S. and is considering selling its successful chip business to accommodate this loss . Westinghouse has filed for bankruptcy and the future of the four nuclear power units under construction in the U.S. is highly uncertain. Westinghouse representatives discussing their proposal with Nuclear Power Corporation of India Limited (NPCIL) for setting up six AP1000 reactors in Kovvada, Andhra Pradesh , have said that the new ownership would get sorted out, perhaps within a year or so, and they would continue to be seriously interested in the India project. French Nuclear Company status India has been in discussions with Areva of France on building six EPR reactors of 1600 MW at Jaitapur, Maharashtra. The first such reactor in Finland has been greatly delayed and may go into operation in 2018. There is a pending arbitration case between Finland and France regarding who is to bear the resulting cost increases. A second EPR is under construction in Flammanville, France and that has also suffered delays due to questions regarding the quality of important forgings. Quite independently of these problems, Areva suffered heavy losses post-Fukushima when the uranium market bottomed. Japan, a big buyer of uranium, went out of the market as most of their reactors were shut down in 2011 . Only a few have been allowed to restart.
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8 | Page 9004418746 [email protected] Make in India Anticipating some of these difficulties, the nuclear community in India has been looking at other options to expand the nuclear capacity . The fleet of pressurised heavy water reactors (PHWR), of our own design and construction, have performed well. During the last five years, the cumulative capacity factor has been 78%. The reactors have operated continuously for periods exceeding 300 days quite regularly and one of our reactors was on line for 765 days, the second-longest run in the world. The cost of power has been less than from coal in the same region . Given the context, the Union Cabinet‟s nod for 10 700 MW PHWRs is timely. Indian industry is well placed to supply all the components and materials required for these reactors.
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