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Mumbai, Nov 24 (UNI) Urging Indian government to put nuclear power programme on a fast track and involve the domestic industry on a consortium mode, Construction and engineering major L&T Chairman and Managing Director A M Naik today warned against greater dependence on foreign companies, keeping in mind the past experience.

In his inaugural address to the 19th Annual Conference of the Indian Nuclear Society (INSAC 2008) here, Mr Naik referred to the nuclear sanctions in the past that had enabled the Indian nuclear programme to utilise the hurdles as opportunity, and said greater stress should be laid on self reliance in taking the nuclear power programme forward.

He said L&T had already mooted a new group for energy to take up power projects to meet the growing demand of the country. There was need for Government, Nuclear Power Corporation of India Limited and other private sector industries to work in close cooperation and realise the dream of common people getting power at affordable costs. ''We can't sell power at around Rs seven per KWH as was being done, it will be ideal to provide power to common man at around Rs 3.5 per unit,'' he added.

He said the Indian Industry was capable of rising to the occasion and there was need for a decentralised approach to enable the Nuclear Power programme move forward rapidly. There was need for a major company at the fulcrum, which financial institutions could approve and through such company various other companies could cooperate, he added.


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