AGL 37.89 Decreased By ▼ -1.69 (-4.27%)
AIRLINK 126.00 Decreased By ▼ -5.22 (-3.98%)
BOP 6.83 Increased By ▲ 0.02 (0.29%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.89 Decreased By ▼ -0.55 (-6.52%)
DFML 37.32 Decreased By ▼ -4.15 (-10.01%)
DGKC 77.50 Decreased By ▼ -4.59 (-5.59%)
FCCL 30.60 Decreased By ▼ -2.50 (-7.55%)
FFBL 69.02 Decreased By ▼ -3.85 (-5.28%)
FFL 11.89 Decreased By ▼ -0.37 (-3.02%)
HUBC 105.50 Decreased By ▼ -5.24 (-4.73%)
HUMNL 13.50 Decreased By ▼ -1.01 (-6.96%)
KEL 4.67 Decreased By ▼ -0.52 (-10.02%)
KOSM 7.28 Decreased By ▼ -0.33 (-4.34%)
MLCF 36.60 Decreased By ▼ -2.30 (-5.91%)
NBP 65.30 Increased By ▲ 1.29 (2.02%)
OGDC 181.00 Decreased By ▼ -11.82 (-6.13%)
PAEL 24.58 Decreased By ▼ -1.10 (-4.28%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 144.00 Decreased By ▼ -10.07 (-6.54%)
PRL 24.40 Decreased By ▼ -1.43 (-5.54%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.61 Decreased By ▼ -3.69 (-4.48%)
TELE 7.20 Decreased By ▼ -0.56 (-7.22%)
TOMCL 32.01 Decreased By ▼ -1.45 (-4.33%)
TPLP 8.15 Decreased By ▼ -0.34 (-4%)
TREET 16.10 Decreased By ▼ -0.52 (-3.13%)
TRG 54.89 Decreased By ▼ -2.51 (-4.37%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,116 Decreased By -388.7 (-3.7%)
BR30 29,567 Decreased By -1659.1 (-5.31%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

General Electric Co sees a market for "tens of billions of dollars" of equipment for nuclear power in India following the US's decision to reopen nuclear trade with the world's second-most-populous country, a GE official said on October 02.
The US conglomerate, which has a nuclear joint venture with Japan's Hitachi Ltd, has already begun preliminary talks with India on nuclear equipment, Karan Bhatia, vice president for international government relations at GE said in an interview.
"They are looking at constructing potentially 30 new reactors by 2030 alone," Bhatia said. "You're clearly talking about billions, tens of billions of dollars in terms of reactor technology, fuel, services. So it's a substantial opportunity. You need only look at the growth in the Indian economy in general. It's an economy that's been steadily growing at between 8 percent and 10 percent for the last decade and we see that likely to continue in the energy space as well."
The US Senate on October 02 agreed to lift a three-decades-old ban on nuclear trade with India. The bill now goes to President George W. Bush, who has said he looks forward to signing it.
GE has had limited discussions with the Indian government on nuclear power ahead of the law's passage, but Bhatia expects that to change. "We are very much looking forward to engaging more vigorously with the Indian government now that the legislation has been passed," Bhatia said.

Copyright Reuters, 2008

Comments

Comments are closed.