LOS ANGELES: The global nuclear industry is going through a virtual meltdown on both sides of the Atlantic Ocean.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 $150 billion. The idea was to order in one go 6 nuclear plants that would be delivered on a 'turnkey' basis. Now that Westinghouse itself says it can only supply the technology for the nuclear island and does not want to undertake any construction activity.Despite the fact India has already committed to pay Rs 100 crore to Westinghouse while ordering the AP 1000 reactors. This 'meltdown' is making the Indian nuclear establishment smile all the way.

Source: Economic Times April 09, 2017 06:57 UTC