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India and Australia seal nuclear deal

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  • India and Australia seal nuclear deal

    NEW DELHI: India and Australia sealed the long-awaited nuclear energy deal on Friday even as Australian Prime Minister Tony Abbott said he wanted first-rank relations with India.

    Abbott met Prime Minister Narendra Modi in New Delhi and finalized the deal to allow the export of uranium to India.
    Abbott said India and Australia were bound by "strongly convergent" trade and strategic interests on the last day of his visit, which culminated with the deal to supply uranium to the energy-hungry country.

    During the meeting, PM Abbott gifted a 'Nehru jacket' made of Australian wool to PM Modi, who in return presented him a copy of the Gita.

    India and Australia kick-started negotiations on uranium sales in 2012 after Canberra lifted a long-time ban on exporting the valuable ore to Delhi to meet its ambitious nuclear energy programme.
    Australia, the world's third biggest uranium producer, had previously ruled out such exports to nuclear-armed India because it has not signed the global non-proliferation treaty.

    Both India and Pakistan are nuclear-armed, and along with Israel and North Korea are the only countries not signed up to the non-proliferation treaty to prevent the spread of nuclear weapons.

    But Abbott said on Thursday that he was assured of India's commitment to peaceful power generation.

    "India has an absolutely impeccable non-proliferation record and India has been a model international citizen," he told reporters in Mumbai.

    Australia's decision to overturn its ban followed a landmark US agreement in 2008 to support India's civilian nuclear programme.

    India is struggling to produce enough power to meet rising demand amid its 1.2-billion strong population as its economy and vast middle-class expand. Nearly 400 million still without access to electricity, according to the World Bank, and crippling power cuts are common.

    The agreement will allow India to ramp up plans for more nuclear power stations, with only 20 small plants at present and a heavy dependency on coal.

    Asked about India's management of its nuclear power industry and safety standards, Abbott said it was "not our job to tell India how to conduct its internal affairs".

    "Our job is to try to ensure we act in accordance with our own standards of decency and that's what we intend to do," he said, adding that India's "standards are improving all the time".

    Things are moving so fast, I'm having a hard time keeping track of things. Much needed, great deal.
    Politicians are elected to serve...far too many don't see it that way - Albany Rifles! || Loyalty to country always. Loyalty to government, when it deserves it - Mark Twain! || I am a far left millennial!

  • #2
    Good news and good show by Modi.

    Cheers!...on the rocks!!


    • #3
      Doesn't want to open a new thread, I hope Australians will be more assured after this news.

      Rajasthan Nuclear Plant Makes History, Runs Uninterrupted for Over 2 Years

      With this achievement, the 220 MW reactor has beaten an American unit which ran for 739 days at a stretch. Unit-5 at Rawatbhata, a Pressurised Heavy Water Reactor (PHWR) made at a cost of Rs. 1200 crore in 2010, is run by the Nuclear Power Corporation of India Limited (NPCIL)
      In this 765-day period, the reactor produced about 4258 million units of electricity, lighting up nearly 2.5 million homes in Rajasthan and Uttar Pradesh. The NPCIL earned Rs. 1225 crore by selling the electricity generated by the Rawatbhata plant. According to estimates, this was more than the cost of installing the plant.