No FDI in N-power sector: Dr. Kakodkar

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New Delhi, Aug 19 (ANI): The Atomic Energy Commission (AEC) Chairman Dr. Anil Kakodkar has ruled out allowing foreign direct investment (FDI) for establishing nuclear power stations in the country.

In an interview to a web portal Kakodkar, however said there are no restrictions for the private sector to carry out manufacturing of equipments required for the nuclear power plants.

He said the country is emerging as a global hub of nuclear energy equipment manufacturing, technology trade and commerce.

Kakodkar played a crucial role of negotiator for the Indo-US civilian nuclear energy agreement, culminating in the lifting of the 34-year-long ban on India by the Nuclear Suppliers' Group (NSG).

Kakodkar also clarified that the Indian Government can have a partnership with the private companies in the construction of N plants.

He expressed confidence that country's capability to independently build small sized Pressurized Heavy Water Reactors (PHWRs) will have a considerable demand in the future, especially from the developing countries.

The evolution of indigenous design and building of thorium-based Fast Breeder Reactors (FBR) by the Indian technocrats would make the country as a global technological leader in the field of N- power in near future, Kakodkar said.

He revealed that the Central Government is holding negotiations with France, Russia and USA for setting up of nuclear parks in various parts of the country and said each park is expected to locate six to eight reactors, which can produce around 1,000 to 1,650 Mega Watt of power.

At present 17 nuclear power plants are operating in the country, generating 4120 Mega Watt of power every year. The government is planning to increase the production of N- power to 10,000 Mega Watt by 2020.

India's capabilities in nuclear energy could also provide enhanced export opportunity for the domestic manufacturing sector to tap emerging markets in nuclear business across the globe, Kakodkar said. (ANI)

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