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Home News Power Sector News Nuclear power tariff should be competitive: L & T Chief

Nuclear power tariff should be competitive: L & T Chief

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Nuclear power tariff should be competitive and in line with other forms of power generation, A M Naik,   Chairman and Managing Director of Larsen & Toubro saidNuclear power tariff should be competitive and in line with other forms of power generation, A M Naik, Chairman and Managing Director of Larsen & Toubro said in Mumbai on 24-11-2008. He said people would like to pay not more than Rs 3.00 to Rs 3.50 per unit and nuclear power tariff which will form about 20 to 25 per cent of total power available after some years, should be competitive and in line with other forms of power generation.Speaking at the Indian Nuclear Society's Annual Conference, he said that it is possible to build nuclear power plants in the country at much less than the international cost.

Naik, whose company is making a major foray into nuclear power, said some foreign companies estimated that the cost of building a nuclear power plant here could be about USD 5 to 7 million per Mega Watt. However, he felt that it could be set up at less than USD 2 million per MW even after factoring the current high level of interest rates.

Naik said the country should focus on self sufficiency and build capabilities. The country is not used to the pace and scale at which the nuclear power plants need to be set up. Presently, there is only one organisation (Nuclear Power Corporation of India ) which has limitations.

Further, Atomic Energy Commission chairman Anil Kakodkar also called upon the industry to tap opportunities in and outside India. He also suggested that the Indian industry should become robust and competitive in the fast changing global situation.

The Nuclear Power Corporation chairman and managing director SK Jain said that Nuclear Power Corporation is open to associate with the private sector within the existing legal provisions.

However, he suggested that the private sector participation will become quite easy after the Atomic Energy Act is amended.

Jain also called for the adoption of Civil Nuclear Liability Law. Jain also said that Nuclear Power Corporation, BHEL, L&T and other players instead of competiting with each other can join hands in the proposed nuclear capacity addition and they can instead face competition from foreign players.

Courtsey-PTI


 

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