Category — Nuclear Energy
During an official working visit of Prime Minister Modi to the United States, and marking the third major bilateral summit between him and President Obama, the leaders reviewed the deepening strategic partnership between the United States and India:
- India’s ratification of the Convention on Supplementary Compensation for Nuclear Damage, has laid a strong foundation for a long-term partnership between U.S. and Indian companies for building nuclear power plants in India.
- The United States and India share common climate and clean energy interests and are close partners in the fight against climate change. Leadership from both countries helped galvanize global action to combat climate change and culminated in the Paris Agreement reached last December.
- The leaders welcomed the signing of an MOU to Enhance Cooperation on Energy Security, Clean Energy and Climate Change, and an MOU on Cooperation in Gas Hydrates
- Reflecting Prime Minister Modi’s call to embrace wildlife conservation as a development imperative, the leaders welcomed the signing of an MOU to enhance cooperation on Wildlife Conservation and Combating Wildlife Trafficking.
- The United States supports the Government of India’s ambitious national goals to install 175 GW of renewable energy which includes 100 GW from solar power.
- The United States and India will jointly launch the third Initiative of the International Solar Alliance which will focus on off-grid solar for energy access at the Founding Conference of ISA in September, 2016 in India.
- The U.S. and India today are announcing: the creation of a $20 million seed U.S.-India Clean Energy Finance initiative, equally supported by the United States and India, which is expected to mobilize up to $400 million to provide clean and renewable electricity to up to 1 million households by 2020.
- The two leaders reaffirmed their commitment to cooperate on research and development, including through the announcement of an upcoming $30 million public-private research effort in smart grid and grid storage.
- Both countries will work together to combat the threat of terrorists accessing and using chemical, biological, nuclear and radiological materials.
- The United States called on Nuclear Suppliers Group Participating Governments to support India’s application when it comes up at the NSG Plenary. The United States also re-affirmed its support for India’s early membership of the Australia Group and Wassenaar Arrangement.
- The leaders applauded the completion of a roadmap for cooperation under the 2015 U.S.-India Joint Strategic Vision for the Asia-Pacific and Indian Ocean Region, which will serve as a guide for collaboration in the years to come.
- The United States hereby recognizes India as a Major Defense Partner. India will receive license-free access to a wide range of dual-use technologies in conjunction with steps that India has committed to take to advance its export control objectives. Also, in support of India’s Make in India initiative, and to support the development of robust defense industries and their integration into the global supply chain, the United States will continue to facilitate the export of goods and technologies, consistent with U.S. law, for projects, programs and joint ventures in support of official U.S.-India defense cooperation.
- The leaders welcomed the progress toward establishment of an ISRO-NASA Heliophysics Working Group as well as toward finalization of a Memorandum of Understanding for exchange of earth observation satellite data.
- They committed to deepen cooperation on cybersecurity and welcomed the understanding reached to finalize the Framework for the U.S.-India Cyber Relationship in the near term.
- The two heads of state announced further steps to deepen collaboration against the full spectrum of terrorist threats.
- In order to substantially increase bilateral trade, they pledged to explore new opportunities to break down barriers to the movement of goods and services, and support deeper integration into global supply chains, thereby creating jobs and generating prosperity in both economies.
- The United States welcomed India’s interest in joining the Asia Pacific Economic Cooperation Forum, as India is a dynamic part of the Asian economy, as well as India’s hosting of the 2017 Global Entrepreneurship Summit.
- The leaders affirmed their nations’ mutual support in exploring the most fundamental principles of science as embodied in the arrangement reached to cooperate on building a Laser Interferometer Gravitational Wave Observatory (LIGO) in India in the near future and welcomed the formation of the India-U.S. Joint Oversight Group to facilitate agency coordination of funding and oversight of the project.
- The leaders strongly endorsed expansion of the Indo-U.S. Vaccine Action Program, which is fostering public-private research partnerships focused on the development and evaluation of vaccines to prevent tuberculosis, dengue, chikungunya and other globally important infectious diseases.
- The leaders recognized the global threat posed by multi-drug-resistant tuberculosis (MDR-TB) and committed to continue collaboration in the area of tuberculosis and to share respective best practices.
- The leaders reaffirmed their support for a reformed UN Security Council with India as a permanent member.
- They looked forward to opportunities to deepen the U.S.-India global development cooperation in Africa, as well as in Asia and beyond.
- Both sides committed to open additional consulates in each other’s country. India will be opening a new consulate in Seattle and the United States will open a new consulate at a mutually agreed location in India.
- The leaders also appreciated their governments’ joint efforts through the Fulbright-Kalam Climate Fellowship to develop a cohort of climate scientists to confront the shared challenge of global climate change.
- The leaders intend to renew efforts to intensify dialogue to address issues affecting the citizens of both countries that arise due to differences in the approaches of legal systems, including issues relating to cross-country marriage, divorce and child custody.
June 13, 2016 No Comments
At a meeting at the White House between President Obama and Prime Minister Modi of India it was announced that Pennsylvania-based Westinghouse Electric Corporation and the Nuclear Power Corporation of India Ltd., will begin engineering and site design work immediately for six AP1000 reactors in India which will be operational by 2030. Contractual arrangements will be completed by June 2017.
According to Reuters, Westinghouse Electrics six AP-1000 reactors will now be located on a 2000 acre plot of land in Kovvada in the southeastern state of Andhra Pradesh. Ajay Jain, energy secretary of Andhra Pradesh, told Reuters that the purchase will close this year, and that “construction can begin in 2017.”
These reactors will bring clean energy to India and generate thousands of jobs in the U.S., Brian Deese, Senior Advisor to the U.S. President, told reporters in a conference call. Once completed, the project will be among the largest of its kind, and will meet India’s growing energy needs while reducing reliance on fossil fuels.
Both leaders noted the intention of India and the U.S. Export-Import Bank to work together toward a competitive financing package for the project, reports Economic Times.
June 13, 2016 No Comments
During Prime Minister Modi’s recent visit to the U.S. to address the joint meeting of members of Congress, several U.S. businesses announced investments into the Indian market, reports Huffington Post.
Star India, a subsidiary of 21st Century Fox, announced it will invest an additional $5 billion in the country over the next three years. “We see huge potential in the Indian market and have been one of the largest foreign investors in India and the largest in the media and entertainment sector,” said Uday Shankar, chairman and CEO of Star India.
Amazon announced an additional $3 billion in India, taking its total investment commitment to $5 billion. “Our Amazon India team is surpassing even our most ambitious planned milestones,” Jeff Bezos, Amazon CEO and Founder, said in a statement. The company plans to launch a “web services Cloud Region” in India. Its development center in Hyderabad will become its largest software engineering and development facility outside of the U.S.
California-based SunLink said it will partner with Indian companies to deploy up to 1.4 gigawatts of solar power over the next five years.
Westinghouse Electric Co., and Nuclear Power Corporation of India have agreed to start engineering and site design work for six nuclear power plant reactors in India, and conclude contractual arrangements by June 2017, the White House noted. India and the U.S. Export-Import Bank are expected to jointly finance the project.
June 13, 2016 No Comments
The Nuclear Fuel Complex in Hyderabad, India, set a world record for nuclear fuel production in 2015-16 with 1,503 tons of fuel produced. This is the second year in a row that NFC, a component of India’s Department of Atomic Energy, has produced the most fuel of any plant, and the company’s chairman and chief executive officer N. Saibaba said that the plant could produce 2,000 tons in the near future, reports Nuclear Street.
“We only need around 750 tons today for operating all of our reactors in the country. But we are making more, because we would like to demonstrate its ability to meet future requirements,” Live Mint quoted the chairman as saying.
“For example, about 16,700 MW of heavy water reactors are expected to come up by 2030-31. These require huge amounts of fuel,” Saibaba said. At the same time, the country’s second nuclear fuel complex in development at Kota, (in the western state of Rajasthan) will be able to ramp up to 1,000 tons of production per year, he added.
April 27, 2016 No Comments
Daniel Roderick, the chief executive of Toshiba Corp’s Westinghouse Electric said he expects to sign a deal in June to build six nuclear reactors in India. “It may take until, I’m going to say, early June, which is the next time that there’s going to be a government-to-government meeting with India,” Roderick told Reuters in Washington.
The deal would be the first nuclear commercial power project since the United States and India agreed in 2008 to cooperate in the civil nuclear arena.
Roderick added that Westinghouse was still working on details of the nuclear operator liability issue, but that progress had been made. “We are certainly comfortable enough to go to the next step from where we are right now, and if India continues to deliver on its milestones for the insurance program, then that should satisfy what Westinghouse needs,” he remarked.
India wants to increase its nuclear capacity to 63,000 megawatts (MW) by 2032, from 5,780 MW, in an effort to reduce its dependence on fossil fuels and mitigate the dangerous effects of climate change.
“We have submitted everything that we need to India and they have reviewed it and they are in the process now of finalizing the paperwork,” Roderick noted.
April 7, 2016 No Comments