Although the Indian government wants to promote the proposed Indo-US nuclear deal in terms of power generation, the deal has very little to do with power generation. Nuclear power contributes about 2 percent of the current electricity generations in India. At present, India was producing 3,300 MW. In 2020, the production would be 7,000 MW. According to the Planning Commission and the Prime Minister, the capacity of nuclear power would be 20,000 MW in the year 2020. In order to get there India will buy second-hand reactors from the U.S. to produce 13,000 MW of nuclear power. India will have to spend about Rs. 2 lakh crore for reactors and another Rs. 8 lakh crore to set them up with fuel facilities to achieve that goal. The Indian budget is only Rs. 6.5 lakh crore per year. Thus, India will spend two times more than the country’s annual budget on setting up these vintage reactors only. Even if India were to achieve a 50% increase in nuclear power generation (which is unlikely) such a step would only increase India’s overall electricity output by one percent at most, and would only increase India’s overall energy output by a fraction of one percent. The reason, USA is pushing so hard that India should accept the deal, is, that, this deal is nothing but nuclear non-proliferation treaty in a different name. If MM Singh is a democrat, he should have organized a Referendum or at least a voting in the joint session of the Parliament.
RE:Let us have a Referendum
by Harshawardhan Joshi on Jul 01, 2008 09:32 PM Permalink
this argument is all bogus. i will explain point wise. 1. its a truth that we need energy. mostly clean energy. 2. argument is typically leftist, ill informed, short sighted and with no deep thinking. 3. as government has to spend 6 lakh crore for second hand u.s. madepower reactors. this is bogus. 4. government need not spend a penny, all that is required is to open nuclear energy for private indian companies. 5. indian share market has market capitalisaition at least 300 times more than the money required. so companies can raise money in free market. 6. mostly foriegn mutual funds will invest to a certain govt. limited percentage. so u can bye western reactors with their money to start with. 7. power projects in kerala, supported by Russia costs 6000 Cr. for reactors to produce 5000-7500 MW electricity. so u can buy reactors from Russia and France and not the dumped u.s. made reactors. Mr. Bose yr whole message is good example of leftist short sighted( ? blinded) brain and thinking
RE:Let us have a Referendum
by KB on Jul 01, 2008 11:40 PM Permalink
Again, I agree with HJ... the left is hoodwinking the nation on the strength of 30 MPs, as "king makers". By themselves, the Left does nothing but put the clock back! Now that they are in a position to dictate terms, the sooner the Government falls, the better it is- for that way, we shall be spared the roaring madmen- the blind men of Gotham! Let BJP come- they will bring in the N-Deal, and kick the Left hard on their made in China buttocks! Let the Congress come, they would be wiser than this time... the Left buttock shall be sore!
RE:Let us have a Referendum
by Dipak Bose on Jul 09, 2008 03:24 PM Permalink
Nothing is bogus, you are a bogus guy, you know nothing. Look at what has happened to ENRON also promoted by this American agent MM Singh.
RE:Let us have a Referendum
by Ramakrishnan on Jul 13, 2008 05:46 PM Permalink
It seems you are the agent for the China by the leftists. For your information, my dear, MM Singh did not promote ENRON. It was promoted by "power" hungry people including the leftists. I think they were in their slumber when ENRON came to India and set up shop in the country.
