Friday, May 27, 2005

Immelt: GE Could Help India in Nuclear Energy

Here's GE CEO Jeff Immelt at an event in New Dehli yesterday:

"If greenhouse gasses are bad, nuclear energy is the answer. Nuclear energy is the definitive generating source of the future," Immelt maintained.

His comments came in response to a question from former diplomat G. Parthasarathy.

"The US seems to be ready to move ahead from (the) Three Mile Island (nuclear plant disaster). There are also indications that the US might resume nuclear cooperation with India. There are reports that (US energy major) Westinghouse is keen on projects in India. Will you also come in?" Parthasarathy asked.
Back during an official state visit in March, U.S. Secretary of State Condoleezza Rice said that the U.S. would consider helping India build one or more nuclear plants.

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