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| Edited By: Neeraj Thakur |Source: DNA |Updated: Mar 17, 2018, 02:05 AM IST
Even though it was the US that was responsible for lifting of the 45-nation Nuclear Suppliers Group’s ban on India, US companies aren’t quite in favour when it comes to placing orders for nuclear power plants, mainly because of their expensive quotations.
“US nuclear plant costs are double the cost of indigenous manufacturers and they should source their material from Indian companies to make technology affordable,” Rakesh Nath, chairman, Central Electricity Authority said on the sidelines of a CII conference.
He hinted at Russian firms’ chances of bagging most of the orders, saying they were quoting reasonable prices.
Prime Minister Manmohan Singh signed an agreement on cooperation for peaceful use of atomic energy with Russia in Moscow last week. A delegation of over 50 US companies recently visited the country to explore opportunities of selling nuclear power equipment. These included major names such as GE Hitachi, Westinghouse, Babcock & Wilxcox.
Some US companies have been talking to Indian power firms for joint ventures in order to be able to source parts from India and thereby quote competitive prices.
