NEW DELHI: Technological and monetary considerations in addition to variations over taking duty for the development of the proposed 10,000-mw nuclear power plant at Jaitapur in Maharashtra are weighing down efforts to fast-track the overall framework settlement forward of French president Emmanuel Macron's talk over with in December.
Macron will likely be in Delhi on December 8 for a three-day talk over with, essentially to adopt the legal framework for International Solar Alliance, an international band of light countries to advertise solar power. Efforts are on to get the care for EDF, French state-controlled corporate this is Europe's largest operator of nuclear power plants, in the bag for Macron to hold again home.
The Jaitapur venture was once initially to be built by Areva below a 2009 MoU with state-run NPCIL at an estimated price of $four billion. In April 2015, Areva signed pre-engineering settlement with NPCIL to inspect the licensability of its EPR (European pressurised reactor) in India. But earlier this 12 months, EDF took over Areva's nuclear power gear making business after it landed in dire straits.
The troubles for Areva began after it discovered few takers for its EPR technology in the wake of growing international unfavourable traction for nuclear power in the wake of Fukushima disaster in Japan. The EPR technology is but to turn into commercially operational any place on the planet. All the five initiatives using this technology these days below structure globally - Hinkley Point in UK, Olkiluoto in Finland and Flamanville in France and Taishan in China - are all going through time and price over-runs.
But the Jaitapur venture is now going through more elementary query on the price of power. The Rs 7 consistent with unit price cap will appear pricey in public belief in the backdrop of solar and wind power tariff shedding to under Rs three consistent with unit-mark. Admittedly, solar and wind are intermittent power sources as against nuclear power station. But it may be laborious to control public belief, if, as sources say, Jaitapur power could finally end up costing Rs 8 consistent with unit until the venture gets cheap financing from the French or Indian executive lending agencies.
Besides, the sources said, the "fear of the untried technology" nonetheless stays some of the key spaces of shock. This may have partially been addressed had EDF taken full duty of engineering, procurement and structure process. But the French corporate has up to now now not agreed to this and most effective inked a co-operation care for Indian engineering-construction large L&T for upper localisation of the fabrication process.
Macron will likely be in Delhi on December 8 for a three-day talk over with, essentially to adopt the legal framework for International Solar Alliance, an international band of light countries to advertise solar power. Efforts are on to get the care for EDF, French state-controlled corporate this is Europe's largest operator of nuclear power plants, in the bag for Macron to hold again home.
The Jaitapur venture was once initially to be built by Areva below a 2009 MoU with state-run NPCIL at an estimated price of $four billion. In April 2015, Areva signed pre-engineering settlement with NPCIL to inspect the licensability of its EPR (European pressurised reactor) in India. But earlier this 12 months, EDF took over Areva's nuclear power gear making business after it landed in dire straits.
The troubles for Areva began after it discovered few takers for its EPR technology in the wake of growing international unfavourable traction for nuclear power in the wake of Fukushima disaster in Japan. The EPR technology is but to turn into commercially operational any place on the planet. All the five initiatives using this technology these days below structure globally - Hinkley Point in UK, Olkiluoto in Finland and Flamanville in France and Taishan in China - are all going through time and price over-runs.
But the Jaitapur venture is now going through more elementary query on the price of power. The Rs 7 consistent with unit price cap will appear pricey in public belief in the backdrop of solar and wind power tariff shedding to under Rs three consistent with unit-mark. Admittedly, solar and wind are intermittent power sources as against nuclear power station. But it may be laborious to control public belief, if, as sources say, Jaitapur power could finally end up costing Rs 8 consistent with unit until the venture gets cheap financing from the French or Indian executive lending agencies.
Besides, the sources said, the "fear of the untried technology" nonetheless stays some of the key spaces of shock. This may have partially been addressed had EDF taken full duty of engineering, procurement and structure process. But the French corporate has up to now now not agreed to this and most effective inked a co-operation care for Indian engineering-construction large L&T for upper localisation of the fabrication process.
Tech, tariff concerns weigh on Jaitapur N-plant deal
![Tech, tariff concerns weigh on Jaitapur N-plant deal]()
Reviewed by Kailash
on
October 26, 2017
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