Key nuclear deal breakthrough: US clears firm to build and design n-reactors in India

News Snapshot:

TWO decades after it was inked, decks have been cleared to tap the commercial potential of the India-US civil nuclear deal with an unprecedented regulatory clearance from the US Department of Energy (DoE) that will allow a US company to build and design nuclear reactors in India. The March 26 approval from DoE cleared Holtec International’s application for specific authorisation with respect to the restrictive regulation that is referred to as “10CFR810”. (Part 810 of Title 10, Code of Federal Regulations of the US Atomic Energy Act of 1954). This authorisation permits Holtec, with conditions, to transfer “unclassified small modular...