Saturday, August 25, 2012

India: India can develop world’s cheapest nuclear reactors

Source: IRNA

New Delhi, Aug 24, IRNA -- India can develop world’s cheapest nuclear reactors with an amount of US $1,700 per unit for a 700 MW reactor when compared to an average US $2,500 and US $3,000 in the world, said V. Narayanasamy.

The completion cost of the indigenous 700 MW Pressurised Heavy Water Reactors (PHWRs) presently under construction is about 1700 USD/kWe.

The overnight costs of South Korean reactors OPR-1000 and APR 1400 are 1876 USD/kWe and 1556 USD/kWe respectively, as per the International Energy Agency’s publication “Projected Costs of Generating Electricity” 2010 Edition. The overnight cost of Indian 700 MW PHWRs is about 1150 USD/kWe at 2008 prices.

The quality of Indian nuclear power reactors is comparable to those in other countries of the world including South Korea.

The above information was given by the Minister of State in the Ministry Personnel, Public Grievances and Pensions and in the Prime Minister’s Office, Shri V. Narayanasamy in a written reply in the Rajya Sabha (Upper House of Indian Parliament) today.