India N-Plans On Track Despite Japan Crisis
The Economic Times
March 15, 2011
NPCIL operates 20 reactors with an installed capacity of 4,780 MW and the sector, estimated at about $150 billion over the next 15 years, is tightly controlled by the government.
India could now face calls to go slow on nuclear power and push renewable sources.
"What could now happen is the government will have to go slow with focus now more on greater scrutiny, robust safeguards, site selection. So we are looking at longer gestation periods," said Robinder Sachdev, head of think tank ImagIndia Institute.
NUCLEAR STOCKS FALL
South Korea plans to add 14 nuclear power reactors through to 2024, on top of an existing 21 to boost energy security and reduce carbon dioxide emissions.
The economy ministry said in a statement on Monday it would evaluate the shortcomings of Japan's nuclear power plants, and implement changes as necessary.
Shares in nuclear power plant designer KEPCO Engineering & Construction fell 14.7 per cent and KR Plant Service & Engineering, which maintains and operates nuclear facilities, fell 14.5 per cent.
Uranium miners Energy Resources of Australia, a unit of global miner Rio Tinto fell 12.2 per cent and Paladin dropped 16.5 per cent.
Shares in renewable energy companies rose in Hong Kong, with GCL Poly Energy, China's top polysilicon-maker, up 4.3 per cent, while China Longyuan Power Group, the country's No. 1 wind power operator, up 1.7 per cent.
India could now face calls to go slow on nuclear power and push renewable sources.
"What could now happen is the government will have to go slow with focus now more on greater scrutiny, robust safeguards, site selection. So we are looking at longer gestation periods," said Robinder Sachdev, head of think tank ImagIndia Institute.
NUCLEAR STOCKS FALL
South Korea plans to add 14 nuclear power reactors through to 2024, on top of an existing 21 to boost energy security and reduce carbon dioxide emissions.
The economy ministry said in a statement on Monday it would evaluate the shortcomings of Japan's nuclear power plants, and implement changes as necessary.
Shares in nuclear power plant designer KEPCO Engineering & Construction fell 14.7 per cent and KR Plant Service & Engineering, which maintains and operates nuclear facilities, fell 14.5 per cent.
Uranium miners Energy Resources of Australia, a unit of global miner Rio Tinto fell 12.2 per cent and Paladin dropped 16.5 per cent.
Shares in renewable energy companies rose in Hong Kong, with GCL Poly Energy, China's top polysilicon-maker, up 4.3 per cent, while China Longyuan Power Group, the country's No. 1 wind power operator, up 1.7 per cent.
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