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