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