REPROCESSING-USIBC 2 LST

"A nuclear liability law will not just establish an
effective and assured means for adequate compensation in the
extremely unlikely event of an accident. It will also enable
responsible national and international suppliers to develop
the safest nuclear power programme in India. Contrary to myth,
suppliers from all countries will require a modern nuclear
liability regime in order to participate in the Indian
market," USIBC said.
It urged New Delhi to do its part in terms of quick
passage of the civilian nuclear liability bill by the Indian
Parliament
Observing that US commercial nuclear companies have
much to offer India as it undertakes an ambitious plan to add
60,000 MW in commercial generating capacity by 2030, USIBC
said the American commercial nuclear industry leads the world
in size, performance, innovation, and engineering.
"The US is by a wide margin the largest generator of
nuclear electric power in the world - with 27 per cent of the
world's total installed capacity and nearly double the number
of reactors as France.
"The US also produces at roughly 1/2 to 1/3 of the
cost in other major countries. In recent decades, US reactor
companies and civil nuclear engineering companies have
remained at the forefront of innovation and engineering
worldwide," it said. PTI