Chennai:
Atomic Energy Commission member Anil Kakodkar on Wednesday said that
India is working on a nuclear insurance pool to address the liability
issue.
Speaking to reporters after delivering the National Institute of Ocean
Technology Foundation Day lecture here, Kakodkar said he is not aware
of any further details but stressed the need to clear all doubts in
nuclear liability law.
“The nuclear liability law leaves things open. The interpretations of
the law are keeping investors away from the field. There is a need to
know the exact liability burden,” Kakodkar said.
His comments come in the wake of Department of Atomic Energy (DAE)
pursuing the matter with the Ministry of Finance for creation of the
pool after no single insurance company, including the General
Insurance Company, expressed its ability to provide financial cover to
nuclear plants, including Koodankulam nuclear plant.
To a query on the high rate of tripping happening in Kudankulam
nuclear plant, Kakodkar said that during initia operations tripping is
bound to happen. “It only shows that safety measures are functioning,”
Kakodkar said while rejecting the reports over the safety of the
reactor.
He said Ocean is game-changing solution for energy resources. He said
that while Indians are blessed with talent, India’s resources are fast
depleting and we have to develop technology to ensure that we are not
dependent on anyone.
He also said that the coal reserve of the nation won’t last for long
time. “While we assume it will last for 100 years but the rate in
which we are developing and our population is growing, it won’t last
for another three to four decades,” he said
Atomic Energy Commission member Anil Kakodkar on Wednesday said that
India is working on a nuclear insurance pool to address the liability
issue.
Speaking to reporters after delivering the National Institute of Ocean
Technology Foundation Day lecture here, Kakodkar said he is not aware
of any further details but stressed the need to clear all doubts in
nuclear liability law.
“The nuclear liability law leaves things open. The interpretations of
the law are keeping investors away from the field. There is a need to
know the exact liability burden,” Kakodkar said.
His comments come in the wake of Department of Atomic Energy (DAE)
pursuing the matter with the Ministry of Finance for creation of the
pool after no single insurance company, including the General
Insurance Company, expressed its ability to provide financial cover to
nuclear plants, including Koodankulam nuclear plant.
To a query on the high rate of tripping happening in Kudankulam
nuclear plant, Kakodkar said that during initia operations tripping is
bound to happen. “It only shows that safety measures are functioning,”
Kakodkar said while rejecting the reports over the safety of the
reactor.
He said Ocean is game-changing solution for energy resources. He said
that while Indians are blessed with talent, India’s resources are fast
depleting and we have to develop technology to ensure that we are not
dependent on anyone.
He also said that the coal reserve of the nation won’t last for long
time. “While we assume it will last for 100 years but the rate in
which we are developing and our population is growing, it won’t last
for another three to four decades,” he said
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