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DAC clears proposals worth Rs 15,935 Cr (approx $2.2b) । The approval covers purchae of Rifles, Carbines and Light Machine Guns for the Army, Navy and Air Force । New weapons are required by the Indian Army’s for effective engagement of Pakistani infiltrations । Leading Pakistani human rights activist Asma Jahangir passes away । Globally respected for her liberal views, she was a strong pro-democracy activist । SpaceX Launches the World’s Most Powerful Rocket, and aboard it, Mr Musk’s electric red sports Car । “It’s kind of silly and fun, but silly and fun things are important,” he said Feb 6। Mr Elon Musk owns both SpaceX, the world’s biggest space company, as well as Tesla cars। SpaceX’s Falcon 9 rocket has ferried payload to Space Station but this time, rocket is turbocharged। For the first time, NASA was not involved in launching such a heavy rocket। Singapore Airshow Opens Feb 6 । Boeing, Lockheed Martin, Raytheon, Airbus, Sikorsky, and the global biggies are taking part । Honeywell Provides Fuel Made From Mustard Seeds For Trans-Pacific Flight । Russia views India as a Privileged Partner, says Rostec CEO Chemezov । US Carrier Carl Vinson to make first ever visit to Vietnam in March । Carl Vinson woll dock at Da Nang, apparently boosting bilateral military cooperation । Happy Republic Day to All Indians । Emirates signs agreement for up to 36 additional A380s । India successfully test fires 5000-Km A380s ICBM। Defexpo to be held April 11-15 in Tamil Nadu, India’s southern state। HAL receives RfP for 83 LCA Tejas from IAF। The new LCAs will have AESA combat Radar। IAF had announced the decision for new LCAs sometime back। INS Kalvari commissioned into Indian Navy December 14। Prime Minister Modi ceremonially inducted the Scorpene class boat in Mumbai। Built by state-run MDL with French collaboration, Kalvari is the first submarine inducted after 2000। Modi described the Kalvari as a fine example of Make in India। Five more Kalvari Class submarines are to be commissioned over the next couple of years।
February 17, 2018
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Involvement of Foreign Companies in Indian Nuclear Sector

Published: August 2017
 

Several foreign companies from various countries including Westinghouse Electric Company (WEC) and GE-Hitachi, United States of America (USA), Electricite de France (EDF), France and Rosatom, Russia have shown interest in participating in the country’s nuclear power projects in various capacities as technology partners, suppliers, contractors, service providers, etc.

As per the Foreign Direct Investment (FDI) Policy of the Government, FDI is not permitted in nuclear power sector. Thus, foreign companies cannot invest in nuclear power. Nuclear power projects to be set up with foreign technical cooperation are planned to be funded by a mix of equity and debt, with equity to be mobilised from internal resources of Nuclear Power Corporation of India Limited (NPCIL), Joint Venture companies between NPCIL and other Central Public Sector Undertakings and Government budgetary support. Foreign companies can however, invest in the supply chain for nuclear power projects.

The present tariffs of nuclear power range from Rs 1.07 per unit in case of the oldest nuclear power station, Tarapur Atomic Power Station (TAPS) – 1&2 at Tarapur, Maharashtra to Rs 4.10 in case of the latest station, Kudankulam Nuclear Power Plant (KKNPP) -1&2 at Kudankulam, Tamil Nadu. Nuclear power tariffs are comparable to those from other electricity generating plants (based on other technologies) located in the same area. Every twin unit nuclear power station would generate a direct employment of about 850 comprising engineers, supervisors, technicians and other personnel. In addition, indirect employment for thousands of people would be generated with suppliers, contractors, service providers, etc. The resultant increase in economic activity would also open up opportunities for various businesses and will result in further employment generation.

This information was provided by the Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh in written reply to a question in Lok Sabha, August 2nd.

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