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India says domestic plant operators can limit global nuclear suppliers' liability
http://articles.economictimes.indiatimes.com/2013-11-19/news/44242443_1_indian-nuclear-liability-law-canada-india-business-council-montek-singh-ahluwalia
India says domestic plant operators can limit global nuclear suppliers' liability
Vikas Dhoot, ET Bureau Nov 19, 2013, 04.00AM IST
TORONTO: To allay global nuclear suppliers' fears about India's nuclear liability laws that have deterred potential investors, the country is now telling the world's nuclear industry that the domestic plant operator can limit the amount as well as duration of the liability that accrues to foreign suppliers. Planning Commission deputy chairman Montek Singh Ahluwalia, a close associate of Prime Minister Manmohan Singh, conveyed this interpretation of the 2010 nuclear liability law in a meeting with Canada's industry leaders late last month.
The Congress-led United Progressive Alliance had worked overtime in its first innings to secure a new nuclear cooperation regime after decades of global isolation, but it has been unable to jumpstart its massive nuclear power agenda as vendors from around the world have stopped in their tracks over what they have labelled as unviable liability laws.
Ahluwalia worked closely with Singh in negotiating the tricky terrains of economic diplomacy around the Indo-US nuclear deal. His clarifications to global nuclear vendors could, therefore, be seen as the government's last-gasp attempt to get some traction for nuclear energy. Singh has held a high-level dialogue with his counterparts in Russia and the US, where the liability law's implications have figured prominently.
<snip>
India says domestic plant operators can limit global nuclear suppliers' liability
Vikas Dhoot, ET Bureau Nov 19, 2013, 04.00AM IST
TORONTO: To allay global nuclear suppliers' fears about India's nuclear liability laws that have deterred potential investors, the country is now telling the world's nuclear industry that the domestic plant operator can limit the amount as well as duration of the liability that accrues to foreign suppliers. Planning Commission deputy chairman Montek Singh Ahluwalia, a close associate of Prime Minister Manmohan Singh, conveyed this interpretation of the 2010 nuclear liability law in a meeting with Canada's industry leaders late last month.
The Congress-led United Progressive Alliance had worked overtime in its first innings to secure a new nuclear cooperation regime after decades of global isolation, but it has been unable to jumpstart its massive nuclear power agenda as vendors from around the world have stopped in their tracks over what they have labelled as unviable liability laws.
Ahluwalia worked closely with Singh in negotiating the tricky terrains of economic diplomacy around the Indo-US nuclear deal. His clarifications to global nuclear vendors could, therefore, be seen as the government's last-gasp attempt to get some traction for nuclear energy. Singh has held a high-level dialogue with his counterparts in Russia and the US, where the liability law's implications have figured prominently.
<snip>
Privatize the profits, socialize the risks.
By limiting liability, they are asking for a nuclear Bhopal.