Advertisement

HindustanTimes Thu,27 Nov 2014

India and South Korea finalise N-deal

Pramit Palchaudhuri, Hindustan Times  Hanoi Hanoi, October 29, 2010
First Published: 18:23 IST(29/10/2010) | Last Updated: 19:56 IST(29/10/2010)

India has finalised a civil nuclear agreement with South Korea, though the two governments are yet to sign the agreement. National Security Advisor Shivshankar Menon announced this following a bilateral meeting between Prime Minister Manmohan Singh and South Korean President Lee Hyung-bak on Friday in Hanoi.

Advertisement

The two governments, said Menon, "have finalised an agreement on cooperation in civil uses of nuclear energy which now awaits signature."

Korean officials in  New Delhi said the text had been frozen but they were "still awaiting final  confirmation from the Indian side."

The agreement will add a further civil nuclear option for India's energy needs.

Korea is a recent entry in the international nuclear power market. It recently won a large $ 20 billion contract to build a set of four reactors for the United Arab Emirates. Seoul has set a target of exporting 80 nuclear reactors by 2030.

The standard Korean reactor, the APR-1000, is an improved version of the  US-Japanese Westinghouse AP-1000. Because the latter still holds the license for  the design, Korean cannot sell these reactors without US permission. The UAE, for example, had to agree to not develop fuel cycle capabilities when it signed the deal with Korea.

But Korea has a number of indigenous nuclear technologies in areas like fuel production and waste-handling that would interest India. Korean officials say the text of the agreement is confidential until the agreement is signed.

Korea's real advantage may lie in the area of cost. The APR-1400 is said to be  as much as a fifth cheaper to build and a fifth cheaper to fuel than the French  equivalent, the Areva EPR-1600 reactor.


Advertisement
more from India

Women’s safety can’t be at the cost of their freedom: CJI

Expressing serious concern over growing trend of sexual violence against women, Chief Justice of India HL Dattu on Wednesday said safety can’t be at the cost of their liberty.
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved