Ad Here  
March
April
May
June
July
August
 
 
Moily’s bold thrust L&T: focus on infrastructure and more infrastructure… Permanent secretariat for TN GIM Muffled voices for merit… The rise and rise of KCP When TN politicians can emulate Kerala's Limit foreign borrowings to hi-tech, export potential projects... Telangana in top gear… A think tank for Chennai IPL - no surprise this scam Adharma of opposition politics Revving up the manufacturing sector The balancing act Gay abandon in pricing Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Robber barons everywhere The Swadeshi Trump Excel Generators provide the vital back-up Discoms deserve better… Tihar, Puzhal not different from Parappana Agrahara Bihar elections - the Rajaji formula worked Revive development banks... Liberal imports idling indigenous capacities CII projects higher growth… Fall in crude prices help in oil sector reform Fortune 500 review Adapt Vajpayee dinner diplomacy Shaming of Tamils by Tamil farmers at Delhi Towards speedy justice Five star activism stalls development activity Demise of a media baron... Land reclamation from sea appears cheaper! A glass full of corruption More Shakthi to Das’ elbow Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Kulandai was a giant The nuclear option Building loyalty through the stomach Colour-Chem’s colourful KRVS Engineering seats go abegging Kudos to NDTV... Silver Years of Madras Musings Infrastructure funding – lessons learnt Road development slows down Tribute – M V Murugappan The sea- saw battle continues... Delhi is distant Cutting the nose to spite the face Kinetic Karnataka Airlines in India: cost and space GM Technology at last! Tribute Godspeed, Chief Minister JJ Welcome thrust on trade in Modi’s foreign visits... Vibrant Gujarat Where a state respects its litterateurs… Rs.1600 crore paper board plant of TNPL Making ‘my Amaravati’... The brown list of Venkitaramanan IPL type auction for VCs? A proud Madrasi EVM is tamper-proof Medical costs hit the roof... Naidu will soon build a new Hyderabad Tribute – UCAL Selvan… TIAM turns a full cycle The Ports’ Pasha expands into Tamil Nadu Mersal magnified Noble nonagenarians... Intellectual of rare qualities Recognition to role of NBFCs.... A more liberated TN… Welcome GST Convulsions in The Hindu Wanted: a second airport for Chennai When online building permits work…. Solar thermal shines… For whom the bell tolls? SoA @ 80 Maximising the micro pricing … Protest masters... The power-full Hindujas Tough task taking states together Editor's Notes More Shakti to resource mobilisation... Return to king coal for urea... Pharma – overdose of copying Rahman at CIC Cement prices continue to rise… Should we change the official year? Padma Bhushan for A Ramakrishna A welcome initiative by the judiciary More heat than light Insurance companies bleeding, yet no decision on increasing FDI limit! CIPET hqrs to stay at Guindy – for the present? Shanti and Sadhana through Music A Grand Finale for SN’s MS centenary at the US… Shipping woes of Chennai companies Roaring Ro-Ro facility F C Kohli - his concerns all embracing Mu Sigma – is no more Sri Lanka votes for change Sweet news for TN sugar mills He continues the focus on social amelioration Russi Mody – a tribute Modi storms Silicon Valley Solar, solar everywhere … Paytm karo... L&T- the specialty of special purpose vehicles Increasing non co-operation of state leaders PC’s preference for professionals PPP mode for upgrading Corporation Hospitals All eyes on Sankara Nethralaya When nations steal growth from one another… Banning booze... An informal presentation - analytical, forward locking... An enemy’s enemy is a friend Build close rapport with business leaders Which side are you, Montek? A professional at the helm of IRDA... Boy, can you beat these? Why this malaise in medical education? A yen for wastage… No engine for this car How Air-India loses customs... The why of tax incentives A C Muthiah – his munificent bequeaths to science Tatas moving out of urea production... IAS invades NDDB... Come elections, come advertisements... Eternal support for capitalisation of PS banks Tatas moving out of urea production... Like Hinduism: many paths to reach God... Secularism and anti-Hinduism TELANGANA at last…BUT Music happens S Ramanathan – a versatile musician, musicologist TN-leverage strength of BHEL, NLC... Welcome changes that testify to Jayalalithaa’s return to health The few handicaps... Of course, Gujarat is vibrant Odisha: spectacular win by Naveen Patnaik There was flood of milk. Reason: no milk commissioner! Readers' Mail Plummeting profits of PSBs TN accounts for the largest recruits by the IT sector R Sridhar steps down as CEO of Shriram Capital Polls and promises Delhi is distant… London, London Narayan A rich pool of talent not utilised…. Computation of GDP – conundrums continue Where is Rajaji? An inexplicable neglect TGS- The king storyteller Remembering Indira Sivasailam... Valli, they are more marginalised S V Raju – a ‘good’ true liberal When small is no larger beautiful.. Shale gas and its shallow future CSR and CMI: promise of another Srinivasan Ramanujan... The star of Spencers is no more Whistle-Stop Tour of Raghuram Rajan Quality silica from Neyveli to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Fortune for Indian Airlines Make standards certification mandatory... Haul over the coal Sweeter prospects for sugar The ‘Ayyo-yes’ is no more Strengthen the base... Editor's Says Delhi Chalo... Focus on quality of power - its only around 170-180V Wise Presidents Waning interest in public discussions… Why land prices zoom in TN? Nuclear power at the nucleus He saved millions from starvation... More tributes to GR Naidu’s return augurs well for Seemandhra Air Asia India will set new benchmarks for budget travel The Gulf aviation boom EEC at the National Media Centre Lesson from Chandrababu Naidu The rise and fall of Annamalai University Quality education through the PPP mode Funding the un-funded Put expensive assets created to use... Fuel for thought Auto components surge… Lalu’s envy, India’s pride West Bengal: mindless malignancy Don’t seem to feel the pulse… Delhi returns to BJP No Maha Koottani in TN... When the President was rendered homeless… ONGC at KG Basin Poor representation for Kerala and TN in Cabinet Scientists urged to take up farmer-oriented research TN – agglomerate land holdings without alienating ownership When Ratan Tata visited SRM This scant respect for Law CRS, a jewel among managers, is no more. Dr C Rangarajan returns to Chennai Parliament in paralysis... Not just in-laws (and outlaws); they’ve renowned academics at the helm! GNS - 100: our first subscriber B H Kothari - a tribute …and of a popular trade leader New IT products of Ramco in the pipeline… Breaththrough in malaria control Streamlining mandatory third party cover MHC should not return to its old indisciplined ways Multi-faceted Venkat Inflation: are we emulating Argentina and Brazil? WTO Meet: resolved to meet again The ‘Jayanthi Tax.’ Preserving for the future Small units prefers to remain small... Gas is the way forward For whom the MIDS bell tolls? China invests in India A Grand Finale for SN’s MS centenary at the US… Diamond jubilee of Egmore Samskrt School Poor quality of university VCs The Jan Dhan bonanza No mega rail project for Tamil Nadu Cleaning Ganga – relocate tanneries and install electric crematoria Contrarian cousins A friendly business group Bihar – Nitish Kumar adopts the Lalu model Online not in line with brick and mortar businesses... Align crops to agro climate endowments… Welcome focus on core competence Measuring roof tops in terms of KW/MW Reliance’s TV – 18 ready to launch Tamil News Channel Tax agriculture Marketing expert Balagopal is no more Alexa – Talking Wikipedia Modi and the lady Things happen by accident and not by design... Another Indian music maestro at the UN Tribute – Manikam Ramaswami
 
The nuclear option

Manmohan Singh and the UPA I & II governments had great ideas on power development. Ultra Mega Power Projects (UMPP) and the nuclear deal are two great examples. These had the promise of achieving large additions in quick time. Sadly, both failed to take off on promised lines. The UMPP suffered by faulty ground work and the unrealistic stipulation of supply of power at fixed prices over the long term. Can such a commitment be made when there was no guarantee of supply of coal at fixed prices for decades? Neither the policymakers nor the companies that bade for this bothered to look closely at this premise. When global coal prices shot up, the UMPP idea bombed. Reliance Infrastructure that won 3 x 4000 MW projects just bade for time to get the government agree to revise the original condition of supply of power at fixed price . Tata Power was the only company to proceed ahead with construction and complete the project but had to plead for revision. Thus, the 36,000 MW project cleared witnessed just 4000 MW off the ground over ten years.

In regard to nuclear power it is equally tardy. Singh initiated the nuclear deal with the US in July 2005. He staked his all in getting this passed by the Parliament amidst a stiff opposition from the leftists who supported the UPA I government and did succeed. But, years later there had been slow progress in convincing nuclear suppliers to support the Indian initiatives. The Fukushima disaster further lent strength to the anti-nuclear forces. The Kudankulam power station, construction of which was already tardy with the Russian delays, was further stuck by opposition from lobbyists receiving support from several foreign sources.

The French that won the bid for the Jaitapur plant in Maharashtra, did evince lot of interest, but encountered problems relating to liability. There is disappointment over such a support not coming  from Japan during Prime Minister Modi’s visit. The sea-saw battle received some boost when the Australian Prime Minister Tony Abbott promised supply of uranium. There is further hope on China extending such support after President Xi Jinping’s visit.  

Technology is a two-sided weapon. There is need for a firm commitment for using its positive side. Nuclear energy is of great value to India in expanding its capacity for power generation. The country’s record in operating power plants over the past five decades and more has been satisfactory. India did not have any serious mishap or problem in operating its nuclear power stations in this period. The commitment to safety is paramount. Ensuring this can take care of adding large capacity.

I remember my interaction with a director of  the French nuclear company Framatome in Paris. I met him in 1982. He said: “France lacks fossil resources like coal and oil. Close to 80 per cent of power needs of the country are met by nuclear power. Our safety record has been exemplary.” In the 32 years since he made this statement one hasn’t witnessed any slip in this record.

 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com