U.S.'s Thorium Power, India in reactor talks - firm http://in.today.reuters.com/news/newsArticle.aspx?type=topNews&storyID=2006-11-29T205901Z_01_NOOTR_RTRJONC_0_India-278290-1.xml&archived=False
Wed Nov 29, 2006
MUMBAI (Reuters) - U.S.-based Thorium Power is in talks with the Indian government to provide technology for thorium-based reactors if a landmark nuclear co-operation deal is passed by Congress, a top company official said.
"India has a great deal of thorium and we understand that the government is developing plans for large-scale deployment of thorium-based nuclear reactors," President Seth Grae told Reuters on the sidelines of a U.S.-India business summit.
"Our company can provide the technology to develop fuels which can power these reactors," he added.
While India has its own technology for nuclear reactor fuels, it is not the same as that offered by Thorium Power, he said.
Grae said the nuclear pact between the U.S. and India -- which the U.S. Congress is expected to hold a joint vote on next week -- would enable relationships in the sector to strengthen.
"If anything materialises this would be the first commercial agreement between the U.S. and India on this," he said.
Grae will visit the Tarapore Atomic Power Plant on Friday, which is powered by uranium, in order to get a "feel of nuclear reactor plants in India," he said.
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