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Home News Power Sector News Nuclear power sector will be opened for private players - Kapil Sibal

Nuclear power sector will be opened for private players - Kapil Sibal

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Kapil SibalIndia will open nuclear power sector to private players - Union minister for Science and Technology, Kapil Sibal said on 05-12-2008 at New Delhi. “Once the negotiations with Russia, and possibly Canada in nuclear commerce talks are done with, the government will soon open up the sector (nuclear power sector) for the private players to participate,” Sibal said. He was speaking at the 14th Technology Summit & Technology Platform; Leveraging Investment Opportunities in Clean Technologies, organised jointly by Department of Science and Technology, Ministry of Science and Technology, Government of India and Confederation of Indian Industry (CII).

He further added, ‘the government of India is also working on drafting regulatory framework towards opening up the mining sector for FDI. India is in need for accessible and affordable technologies. Technology itself is not the solution; we need to develop parallel infrastructure to run the technology. Project 800, is one such idea conceived by the Ministry of Science and Technology, aimed at providing technological solutions to people living on less than $2 per day. This reflects the need for global community to not just to think but act locally.”

The department of science and technology’s head for international cooperation YP Kumar said, “Some 14 joint R&D projects have been identified, under the Indo-Canada and Indo-Israel cooperation agreements. This number can be further augmented with greater bilateral interactions.”

Canadian high commissioner Joseph Caron said Canada is making efforts for increasing energy efficacy demands. For this, he said India and Canada are exploring the possibility of setting up joint nanotech and biotech centres, and a combined funding of $17 million has been received for this.

Courtsey- Financial Express

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