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Nuclear deal...
by Krishna sinha on Feb 01, 2007 08:23 PM   Permalink

I do not know why people are not asking questions as to who would be the ultimate beneficiary of the deal. If the deal goes thru, and orders placed say on GE for constructing reactors in India, no doubt GE gets good business and its factories will start working which have been idling since three mile incident. But India benefits only if the ultimate cost of the power is less than Rs 4/ per unitto the consumer, as was the case with Tarapur plants. This cost should include cost of i) site selection and preparation,ii) cost of reactors and the payment schedule for it over say 30 years, iii) cost of fuel supplied each year, iv) penalty for not supplying the fuel in time what ever be the reason, v) cost of packing and taking back the spent fuel to the suppliers country, vi)adequate credit for the plutonium in the spent fuel, vii) cost of de-commissioning the reactors say after 30 years, and finally the insurance premium for any accident/ reactors not being able to work for what ever be the reason.
Unless all these aspects are made clear, there is every chance that the whole issue can become another enron.

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Four steps to the N-deal