MYTH#3Nuclear renaissance No company in the US has yet ordered a nuclear plant though some have applied for various kinds of building licenses. The industry is waiting for 100% loan guarantees from the federal government. It already has the Price-Anderson act which puts a cap on liabilities of private companies in case of, say, accidents caused by faulty plant designs, i.e., they should not be held seriously responsible for their errors. In India the government will have to bring in a similar act for private sector participation. This is the socialism that capitalists love – privatize profits, socialize risks and costs! As for thorium, you first have to master the earlier stages of combining reprocessing and fast breeders. France and Japan, the world leaders in fast breeders, have had such technical problems that their record is terribly erratic. Worldwide, over $100 billion has been spent on this, but prospects for commercial breeder use will remain unrealistic for decades
