Showing posts with label Nuclear Deal. Show all posts

Dec 12, 2015

India & Japan sign MoC on High Speed Rail on Mumbai-Ahmedabad sector

12/12/2015
India and Japan have signed historic Memorandum of Co-operation (MoC) to introduce High Speed Rail (HRS) on Mumbai Ahmedabad sector to revolutionize Indian Railways.
The MoC was signed in presence of Prime Minister Narendra Modi and visiting Japanese Prime Minister Shinzo Abe in New Delhi.
This agreement confirms developing of high speed rail corridor using of Japanese high speed rail technologies along with financial and technical assistance from Japan.
 
Under the agreement
  • India and Japan have signed an MoU on cooperation and assistance in the Mumbai – Ahmedabad High Speed Rail Project (referred by many as Bullet Train project).
  • Japan has offered an assistance of over Rs.79,000 crore for the project.
  • The loan is for a period of 50 years with a moratorium of 15 years, at an interest rate of 0.1 per cent.
  • The project is a 508 Kilometer railway line costing a total of Rs. 97,636 crore, to be implemented in a period of seven years.
  • It has been agreed that Shinkansen Technology will be adopted for the project.
  • The cooperation of Japan will be fixed on transfer of technology and “Make in India”. Japan will assist India in training of personnel for HSR.
Civil Nuclear agreement
India and Japan also have reached substantive Agreement on Cooperation in the Peaceful Uses of Nuclear Energy. Under it both sides have confirmed cooperation in the peaceful uses of nuclear energy. The final deal will be signed after certain technical and legal issues are thrashed out.

Nov 16, 2015

India, Australia seal N-deal procedures

11/16/2015
India and Australia have sealed Nuclear-deal procedures for supply of uranium from later to energy starved India.
N-deal procedures were formally completed between both countries following a bilateral meeting between Prime Minister Narendra Modi and his counterpart Malcolm Turnbull in Antalya, Turkey on the sideliners of the G-20 Summit.
Following the conclusion of the agreement, India has become the first country to buy Uranium from Australia without being a signatory to the Nuclear Non-proliferation Treaty (NPT).
 
Points to note
  • India and Australia had started talks on the Civil Nuclear Cooperation Agreement in 2012 after Australia had lifted the long-standing ban on selling uranium to energy-starved India.
  • The cooperation agreement was signed between two countries in September 2014 to sell uranium as a nuclear fuel for peaceful power generation.
It should be noted that Australia has about a 40 percent of world’s recoverable uranium resource and annually exports around 7,000 tonnes of it.
In India, nuclear energy contributes just 3% of its electricity generation and it has currently signed nuclear energy agreements with 11 countries. Presently, India imports uranium from France, Russia and Kazakhstan to supply fuel to its two dozen small reactors at six sites with a total capacity of 4,780 MW which accounts for 2% of its total power capacity.
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