Nuclear Energy PDF Print E-mail
Tuesday, 15 July 2008
 

Nuclear Energy is gradually emerging as one of the best sources of energy for the coming generations. Crude oil and natural gas reserves are limited. These reserves are also concentrated in some regions of the world. The economic demand also led to a meteoric rise in crude oil prices, which is now at $147 a barrel. Such a rise in crude oil prices leads to economic upheavals in many developing countries.

 

In such a state of affairs, nuclear energy, produced by reactors, is one of the best sources to manage energy deficits and cut costs. The Indian civilian nuclear program was severely hurt by sanctions imposed by the US in 1974 after the Pokhran tests of a nuclear device. These sanctions disabled India to import any reactors or uranium to run it. It also prevented India to buy technological items that were classified as Dual Use items by the countries belonging to the Nuclear Suppliers Group {NSG}.

 

India has been dependent on oil, natural gas and coal to meet its energy requirements. Uranium deposits in India are low and the augmentation of this resource for energy production has been minimal. Uranium exploration and mining efforts have been very slow in India.

 

The Indo-US nuclear deal that has been negotiated by the present government has been negotiated by the present government offers India the opportunity to trade with NSG countries, import reactors and nuclear fuel. This is a major step and would help India to build new civilian reactors and expand ones power production capacity. The deal at present is mired in political controversy, but there is no doubt that it would help India rise and become a major global power if it gets through.

 

 

 

  

 

 

 

 

 

 
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