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RE:The economics of nuclear deal
by All Right on Jul 09, 2008 09:49 PM

Some Reactions:

1. Yes there is risk of nuclear accidents. So far for the last 60 years, there had been only 1 major accident though more minor ones. The purpose of risk analysis is exactly to eliminate or minimize risks. So we have 60 years of reactor working as a dataset, which lends itself in good stead.

2. It is puerile argument hat nuclear power cannot be used in transportation, whether road or rail. Our railway system is electrified. We are fast moving to an era of road transport that increasingly use electricity. Further, nuclear power will set free petrol,diesel and gas to be used for cars and buses without starving our industrial need for power.
3. As for your allegation that the deal benefits US business, there appeared a Washington Post editorial that says that once we receive NSG clearance we not need USA. This is because we can freely trade in the world market. Secondly, it does not mean that trade is one way. We can also emerge as a significant nuclear exporter. Our fast breeder reactors are cutting edge, several generations ahead of the US. We have the largest reserve of Thorium in the world. Once our fast breeders come on stream, we can sell plants - thorium and uranium (processed from thorium) in the world.
4. About pricing, even assuming your estimates of Rs 10 is correct, it may not be expensive since all commodoties whether coal, petrol, gas etc are escalating

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