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India will Get Power with Signing of Indo–US Nuclear Deal
Nov 01, 2008
The Indian government has monopoly in the nuclear power projects; hence, all the investments poured into the sector so far were made by the government only. But the rapidly increasing power requirements are aggravating the need to channel more investment into the sector. Sensing the investment requirement to secure future fuel supply for nuclear reactors, India signed a bilateral nuclear deal with European Union civil nuclear cooperation in September 2008. This deal will attract global majors like Areva and Alstom to the huge untapped nuclear market of India. It is estimated that this deal will bring around US$ 29 Billion worth of nuclear market business in the next 15 years for the French companies like Areva and Alstom.
Apart from this, post Indo-US nuclear deal, India will get access to nuclear fuel trade relationship with countries in the Nuclear Suppliers Group (NSG). Thus, it will bring fresh investments in the Indian nuclear industry. India is expecting a cumulative investment of US$ 45 Billion by the end of FY 2017 (starting from the FY 2008) for its infrastructure development.
Seeing the changing dynamics of the Indian nuclear sector, the leading research firm RNCOS is going to launch its market research report on it. It is an extensive research report that focuses on the growing marketplace for nuclear power in India. It thoroughly evaluates the current domestic market trends and growth prospects for the industry. It contains information on total installations, regional presence of nuclear plants and also evaluates the technology India prefers while setting up its nuclear plants. This report also analyzes the status of uranium industry that helps to evaluate the demand supply scenario in the country. It also analyzes the current scenario of the Indian power sector and highlights the future demand supply statistics.
The study provides forecast on total nuclear power installation by the end of fiscal 2017. It also includes the future forecast on investment requirements as well as the uranium demand during the period.
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