[T.S.R:17068] India Wakes Up To The Realistic Fear Of A Nuclear Meltdown

Prime Minister Manmohan Singh announced Monday a review of all nuclear reactors in India in view of the radiation leak in tsunami-devastated Japan. The atomic energy authorities and the state-run company that operates Indian nuclear plants have been ordered to check the safety features of the installations, Singh told lawmakers in Parliament. "Government attaches the highest importance to nuclear safety," Singh said.

 

The review will look at the ability of nuclear reactors to withstand the impact of big natural disasters such as tsunamis and earthquakes.

 

Singh assured lawmakers that Indian nuclear reactors had an impeccable record and operated safely during an earthquake and the 2004 tsunami. When the tsunami struck, the nuclear power plant in the southern Indian state of Tamil Nadu was safely shut down and restarted a few days later without any problem.

 

Quake-stricken Japan is scrambling to contain a nuclear meltdown following hydrogen and fuel tank explosions at the Fukushima Dai-ichi nuclear plant. The risk of radiation from nuclear plants following a natural disaster has raised fears in India, which has 20 nuclear power plants, mostly located along the coast.
 

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Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.

 

Nothing in this article is, or should be construed as, investment advice.

 

 

 

 

 

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