South Australia keen for n-energy business with India – Feedback

With the civil nuclear agreement between India and Australia coming into force at the end of last year, the state of South Australia is keen to do business with India in the nuclear energy sector, the state’s Minister for Trade and Investment, Defence Services and Veterans’ Affairs Martin Hamilton-Smith said on Monday.

“India and Australia have a great future in the field of nuclear energy,” Hamilton-Smith, who is currently leading a 100-member delegation of the South Australia Trade Commission (SATC) to India, said at a media interaction here. Of Australia’s total uranium deposits, 81 percent are in South Australia of which 40 percent are extractable. “Building nuclear power plants in India will also lead to a cleaner environment,” Hamilton-Smith said. Though the India-Australia civil nuclear agreement was ratified by the Union cabinet in December last year, uranium supplies from Australia are yet to start. Asked if this was due to Australian companies’ concerns over India’s nuclear safeguards, Hamilton-Smith replied in the negative.

http://energy.economictimes.indiatimes.com/news/power/south-australia-keen-for-n-energy-business-with-india/53602091

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *