Skip to main content

Nuclear Energy Industry to Play Role in Historic Trade Mission

Image
By Trish Conrad
U.S. Under Secretary of Commerce for International Trade Frank Levin announced at the U.S. Chamber of Commerce yesterday afternoon that he will lead a business development mission to India later this month. The mission, the largest of its kind ever led by the federal government, will include 238 participants representing 186 U.S. companies.

The Nuclear Energy Institute assisted the Department of Commerce and the U.S.-India Business Council with organizing events during the mission and encouraging participation in the mission by members of the U.S. nuclear energy industry. Currently, 18 companies comprise the nuclear energy delegation scheduled to travel to India for this historic summit.

Last week, the Senate approved the U.S.-India Civil Nuclear Cooperation agreement that will allow the United States to send nuclear fuel and technology to India.

President Bush said “…this partnership will help India meet its energy needs without increasing air pollution and greenhouse gas emissions.”

In a statement released by the State Department, Secretary of State Condoleezza Rice said, “Successful implementation of the civil nuclear initiative is a key element of a new strategic partnership between the United States and India. This initiative will help India meet its growing energy needs, enhance cooperation on energy security and nonproliferation, and increase economic investment opportunities.”


Technorati tags: Nuclear Energy, Nuclear Power, Energy, Technology, Politics, Environment, Electricity, India, Department of Commerce, U.S.-India Business Council.

Comments

Anonymous said…
Hi,

NEI is complicite in the violation of of international law as prescribed by the Non-Proliferation Treaty.

Gunter, NIRS
November 21, 2006 at 6:52 PM
Anonymous said…
... and Indian is now suspected of sharing nuclear technology with Iran. The Bush Administration has not answered to these intelligency reports.
November 21, 2006 at 9:40 PM
Post a Comment

Popular posts from this blog

Fluor Invests in NuScale

By
You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...
1 comment
Read more

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

By
Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...
Post a Comment
Read more

Wednesday Update

By
From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...
Post a Comment
Read more