India can make world’s cheapest nuclear reactors, Department of Atomic Energy chief says

India can make world’s cheapest nuclear reactors, Department of Atomic Energy chief says

by Lee Gliddon

MUMBAI: Now, India can build cheaper nuclear reactors, than even South Korea. Talking to TOI on the eve of his retirement, Dr Srikumar Banerjee, secretary in the Department of Atomic Energy (DAE), said India can now manufacture nuclear reactors at $1,700 per unit. Come May, Banerjee will make way for Ratan Sinha, currently director of Bhabha Atomic Research Centre (BARC), who will take over as secretary, DAE.

"We are now the world's most economical manufacturer of nuclear reactors. Our cost per unit, of $1,700 (for a 700mw reactor) is substantially less than our nearest competitors. The average international cost is now between $2,500 and $3,000 (for a 1,000mw reactor). South Korea demonstrated its ability to build nuclear reactors for less when it wrested a massive reactor deal for the UAE from French giant, Areva, a couple of years ago.