India ratified an international convention on nuclear energy accident
liability, seen as the final piece in its efforts to address a major
concern of foreign nuclear suppliers
A statement from the Indian foreign ministry late on Thursday February 04,2016 said India has submitted the Instrument of Ratification of the Convention on Supplementary Compensation (CSC) for Nuclear Damage to the International Atomic Energy Agency (IAEA)
Ambassador and permanent representative of India to the United Nations (Vienna), Rajiva Misra, handed over the Instrument of Ratification to acting director general of IAEA Juan Carlos Lentijo in Vienna on Thursday February 04,2016, a statement said.
International nuclear reactor makers such as General Electric have been reluctant to set up plants in India because of a 2010 domestic liability law that makes equipment suppliers accountable for accidents and not the plant operators, as is the global norm
The Convention will come into force for India 90 Days from the date of deposit of the ratification instrument,which is May 06,2016
A statement from the Indian foreign ministry late on Thursday February 04,2016 said India has submitted the Instrument of Ratification of the Convention on Supplementary Compensation (CSC) for Nuclear Damage to the International Atomic Energy Agency (IAEA)
Ambassador and permanent representative of India to the United Nations (Vienna), Rajiva Misra, handed over the Instrument of Ratification to acting director general of IAEA Juan Carlos Lentijo in Vienna on Thursday February 04,2016, a statement said.
International nuclear reactor makers such as General Electric have been reluctant to set up plants in India because of a 2010 domestic liability law that makes equipment suppliers accountable for accidents and not the plant operators, as is the global norm
The Convention will come into force for India 90 Days from the date of deposit of the ratification instrument,which is May 06,2016
The
Convention will come into force for India 90 days from the date of
deposit of the ratification instrument, which is May 4, 2016. "This
marks a conclusive step in the addressing of issues related to civil
nuclear liability in India
Energy-starved, India plans to construct about 60 nuclear reactors and has been in talks with Westinghouse Electric Co LLC, GE as well as France's Areva for setting them up at sites already selected around the country.
Russia is separately building six reactors in south India and is in talks for another six. The total size of the Indian market is estimated at 150 billion dollars (101 crores), making it equal to or just behind China's.
India expects to seal an agreement with Westinghouse to build six reactors by the first half of this year, a government official said in December, after it ratified the international convention on compensation.
India had also passed its own domestic nuclear liability law, the Civil Law for Nuclear Damage (CLND) Act in 2010. Countries such as the U.S. have said that the Indian law’s provisions are violative of the CSC, but this has been denied by India
Energy-starved, India plans to construct about 60 nuclear reactors and has been in talks with Westinghouse Electric Co LLC, GE as well as France's Areva for setting them up at sites already selected around the country.
Russia is separately building six reactors in south India and is in talks for another six. The total size of the Indian market is estimated at 150 billion dollars (101 crores), making it equal to or just behind China's.
India expects to seal an agreement with Westinghouse to build six reactors by the first half of this year, a government official said in December, after it ratified the international convention on compensation.
India had also passed its own domestic nuclear liability law, the Civil Law for Nuclear Damage (CLND) Act in 2010. Countries such as the U.S. have said that the Indian law’s provisions are violative of the CSC, but this has been denied by India
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