India and the United States took a big decision on Wednesday as both the nation gave a nod to strengthening the security and civil nuclear cooperation. It was also finalized that six U.S. nuclear power plants will be made in India. The news came out as a joint statement from the two countries, after two days of the talks in Washington. It is very clear that under the leadership of President Donald Trump, the United States is all set to sell more energy products to India, the world third-largest oil buying nation.
The talks were between Indian Foreign Secretary Vijay Gokhale and the US undersecretary of state Andrea Thompson and were related to the international security and arms trade.
The joint statement read as, “They committed to strengthen bilateral security and civil nuclear cooperation, including the establishment of six U.S. nuclear power plants in India.”
However, there were no details about the nuclear plants included in the statement.
It’s been over 10 years that the US has been discussing the matter of supplying nuclear energy to India. It was the Indian liability rules which causes as an obstacles as they were believed to being against the international norms. As per the norms any cost related to any accident that occurs, is debited to the operator of the plant and not the maker.
For last six years, Pittsburg based Westinghouse was trying to negotiate with India for building nuclear reactors in India, however, the process was slow paced. The Westinghouse ran into bankruptcy and was later purchased by Canada’s Brookfield Asset Management in 2018. The Westinghouse thus resurrected and gained favor from US Energy Secretary Rick Perry seeking its goal to make six AP1000 reactors in Andhra Pradesh.
With these reactors in place, India will have its nuclear energy tripled by 2024.
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