Friday, October 29, 2010

India and South Korea finalise N-deal

India civilian nuclear deal with South Korea have been finalized, although the two governments signed so far. National Security Adviser Shivshankar Menon on Friday, Prime Minister Manmohan Singh and South Korean President Lee Hyung-Bak after a bilateral meeting announced
Menon said the two governments, "nuclear energy, which now awaits the signature of an Agreement on cooperation in civilian use is finalized."

Korean officials in New Delhi that the text was frozen, but they were "still awaiting final confirmation from the Indian side."

In agreement and India's civil nuclear option for energy needs will increase.

Korea International Atomic Energy Market is a recent entry. The recent huge $ 20 billion to the United Arab Emirates won the contract to build a set of four reactors. Seoul by 2030 export target of 80 nuclear reactors have been.

Standard Korean reactor, April 1000, the U.S., Japan is an improved version of the Westinghouse AP -1000. Because the latter still holds the license to design, without the permission of Korean Americans can not sell these reactors. United Arab Emirates, for example, to develop when it signed an agreement with Korea had agreed not fuel cycle capabilities.

But Korea in the areas of indigenous nuclear technology is a fuel production and waste handling that interest would India's number. Korean officials say the text of the agreement are confidential until the agreement is signed.

Korea's real advantage may lie in the cost. April -1400 called fifth as much as a fifth cheaper to make and cheap French counterparts, Areva EPR 1600 for reactor fuel.

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