The major achievements have been development of indigenous nuclear power reactor and associated fuel cycle technologies for the country’s three-stage nuclear power program in an international isolation and technology denial regime that lasted from 1974 to 2008. Today India is recognized globally as a country having advanced technology with impeccable non-proliferation record.
Giving further details in reply to a question in Lok Sabha today the Minister of State in PMO Shri V. Narayansamy said that in the last three years, three nuclear power reactors (3x220 MS) have been commissioned successfully. Construction of 4 indigenously designed Pressurized Heavy Water Reactors of 700 MW each have been started. Bilateral cooperation agreements have been signed with several countries.
The Minister stated that as per the provisions of the Atomic Energy Act, 1962 foreign equity investment in nuclear power projects is not permitted. Therefore, foreign funding can only be in the form of debt. Currently, the Kudankulam project is being set up with Russian state credit of Rs. 6416 crore. In respect of future projects, foreign debt either as state credit, banks or multilateral funding agencies is envisaged.
Revealing further on the matter Shri Narayansamy said that the Central Government has signed fuel supply contracts with Russian Federation, Kazakhsthan and France.
He said France has completed supply of the contracted quantity. With Russian Federation and Kazakhstan, there are long term fuel supply agreements. Supplies are being received regularly.
The land acquisition at Fatehabad, Haryana is progressing in accordance with the Land Acquisition Act. It has reached to an advanced stage of conclusion. Of the 1313 acres to be acquired for the plant site, land holders of 1109 acres have already expressed their consent. Currently compensation for land to be acquired is being discussed with the state government. The apprehensions about safety of nuclear power, particularly post Fukushima are being addressed through sustained public outreach programs.