The report that the US will help build six nuclear power plants in India should be taken with the proverbial pinch of salt. When it comes to the US, inter-governmental declarations are not how business gets done. It requires working through a labyrinth of terms and conditions with companies and financial institutions. And, the nuclear-reactor business is not too healthy in the US. The six reactors to be set up in Kovvada, Andhra Pradesh are Westinghouse-designed AP1000 Pressurised Water Reactors (PWR). Westinghouse has just emerged from a Chapter 11 bankruptcy settlement on account of the construction of four AP1000 reactors in Georgia and South Carolina.
First Post 29th March 2019 read more »