INDIAN NUCLEAR INSURANCE COULD FREE COMPONENT SUPPLY BOTTLENECK, HINDERING POWER PLANT EXPANSION
June 1st, 2016
INDIAN nuclear plants have been awarded their first ever nuclear operator’s liability insurance policy, a move that is expected to attract international manufacturers of nuclear components to help in building new power generation capacity. Confirming the policy issued on May 26, Alice G Vaidyan, chairman-cum-managing director of General Insurance Corporation of India (GIC), told Fuel Cycle Week that, USD224 million insurance cover has been provided to all 21 nuclear power plants run by Nuclear Power Corporation of India (NPCIL). “A similar policy will be ...
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