The outlook series on Nuclear Power Market - India provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. This report discusses the prevailing trends, issues, and activities that affect the industry. The report offers an aerial view of the Indian Nuclear Power Market, identifies major short to medium term market challenges, and growth drivers. The report offers an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 121 companies active in the market.  
 

TABLE OF CONTENTS

NUCLEAR POWER MARKET				GOS-289
AN INDIAN OUTLOOK, OCTOBER 2009


                                           CONTENTS


  1. MARKET OVERVIEW                                                    1
      Nuclear Power in India - An Overview                              1
       Growth of Nuclear Power Industry in India                        1
      India - One of the Fastest Growing Markets for Nuclear Energy     2
       Nuclear Power Prospects in India                                 2
        Table 1: Percentage Share Contribution of Nuclear Energy to
        Total Electricity Generation in Select Countries (2006-2008)    3
       Business Opportunities for Nuclear Power in India                3
      Energy Security and Nuclear Power Policy                          3
       Energy Security in the Indian Context                            3
        Table 2: Percentage Share of Annual Electricity Generation
        Potential by Energy Source                                      4
       Indian Nuclear Power Policy                                      4
       The Three-Stage Nuclear Power Program                            5
       India - Only Country Active in All Three Fuels                   5
        Stage 1                                                         5
        Stage 2                                                         6
        Stage 3                                                         6
      Nuclear Power Plants in India                                     7
      Active and Planned Capacities for Nuclear Power in India          7
       Kaiga Atomic Power Station                                       7
       Kakrapar Atomic Power Station                                    7
       Kudankulam Nuclear Power Plant                                   8
       Madras Atomic Power Station                                      8
       Rajasthan Atomic Power Station                                   8
       Tarapur Atomic Power Station                                     9
       Narora Atomic Power Station                                      9
      Legislative Measures for Safety and Regulation in India           9
      Research in Nuclear Reactors                                      9
      Uranium Mining in India                                           10
       Uranium Processing                                               10
      Thorium Cycle                                                     10
      US-India Nuclear Deal                                             10
       Separation of Military and Civilian Nuclear Programs             11
       IAEA Safeguards for Civilian Nuclear Establishments              11
       Non-Proliferation of Nuclear Technology                          11
      Economic Elements Behind US-India Nuclear Deal                    11
      Interests of the US Economy in Indian Nuclear Market              12

  2. TRENDS IN INDIAN NUCLEAR POWER MARKET                              12
      Uranium Shortage Dents India's Nuclear Power Dreams               12
      India to Foray into the Global Nuclear Reactors Market            12
      Engineering Companies to Benefit from NSG Waiver                  13
      NSG Waiver to Open Up Nuclear Energy Market                       13

  3. NUCLEAR POWER - A GLOBAL PERSPECTIVE                               14
      Impact of the Global Economic Recession on Nuclear Power Industry 14
      Current Scenario: A Review                                        15
       Amidst Controversies Nuclear Power Makes a Comeback to the Fore  15
       Nuclear Energy: A Growing Need for Both Developed and
        Emerging Economies                                              15
       Global Nuclear Power Generation Dips In 2007                     16
       Global Nuclear Power Generation to Cross 3750 billion kWh by
        2030                                                            16
       US Remains a Major Contributor in the Industry                   16
       Despite Growth in Generation, Nuclear Power Share in Global
        Electricity Declines                                            17
      Growth Drivers in a Capsule                                       17
       Rapid Growth in Electricity Demand                               17
       High Crude Oil Prices Stimulate Growth of Nuclear Power          17
       Government Support Encourages Adoption of Nuclear Power          17
       Experience Gain and Rise in Average Load Factor of Nuclear
        Reactors                                                        18
       Plant Life Extensions Breathe Life into the Industry             18
       Expansion in Asia and Issues Over Energy Supply Security
        Drive Nuclear Power                                             18
       Financial Incentives Motivate Nations to Increase Nuclear
        Power Production                                                18
      Challenges in Store                                               19
       High Safety Risk Associated with Nuclear Power                   19
       Mishaps Remain Cause of Concern For Nuclear Power Industry       19
       High Investment                                                  19
       Economic Risks of Nuclear Power                                  19
       Environmental Issues with Storage and Management of Spent Fuel   19
       Non-Proliferation Issues                                         20
       Supply of Technical Man-Power                                    20
       Public & Political Acceptance                                    20
      Present Nuclear Power Capacity & Proposed Additions               20
       World Nuclear Power Capacity - 2008                              20
        Table 3: World Nuclear Power Capacity (2008): Break-Up of
        Units and Capacity of Operating Nuclear Power Reactors by
        Country/Region                                                  21
        Operating Nuclear Power Reactors - By Type                      22
         Table 4: World Nuclear Power Capacity (2008): Break-Up of
         Units and Capacity of Operating Nuclear Power Reactors by
         Reactor Type                                                   22
        Nuclear Power Reactors Under Construction - 2008                22
         Table 5: World Nuclear Power Capacity (2008): Break-Up of
         Units and Capacity of Under Construction Nuclear Power
         Reactors by Country                                            23

         Table 6: World Nuclear Power Capacity (2008): Break-Up of
         Units and Capacity of Under Construction Nuclear Power
         Reactors by Reactor Type                                       24
        Planned Nuclear Power Reactors                                  25
         Table 7: World Nuclear Power Capacity (2008): Break-Up of
         Units and Capacity of Planned Nuclear Power Reactors by
         Region/Country                                                 25
        Proposed Nuclear Power Reactors                                 26
         Table 8: World Nuclear Power Capacity (2008): Break-Up of
         Units and Capacity of Proposed Nuclear Power Reactors by
         Region/Country                                                 26
      Outlook                                                           27
      Regulations: An Overview                                          27
       Global Nuclear Energy Partnership (GNEP)                         27
       Nuclear Non-Proliferation Treaty                                 28
      Mined Uranium Continues to be the Major Source of Fuel Supply     29
       Table 9: Global Uranium Market (2006): Percentage Breakdown
       of Uranium Supply by Source for Primary Sources (Mines) and
       Secondary Sources (Stocked Inventories, Dismantled Warheads,
       Depleted Uranium Tails and Reprocessed Spent Fuel)               29
      Production of Uranium                                             30
       Table 10: Global Uranium Production (1970-2005) from Mines (
        Million lbs of U3O8)                                            30
      Canada Leads in Global Mine Production                            30
       Table 11: Global Uranium Mine Production (2006): Percentage
       Breakdown of Uranium Mine Production for Canada, Australia,
       Kazakhstan, Russia and Others                                    30

       Table 12: Global Leading Producers of Uranium (2006):
       Percentage Breakdown of Production by Companies for Cameco,
       Cogema, ERA, Rossing, KazAtomProm, BHP Billiton and Others       30
      Rising Uranium Prices                                             31
      An Overview of Uranium Pricing                                    31
       Table 13: Global Spot Prices of Uranium (1970-2005) in US$
       per pound of U3O8                                                32

       Table 14: Global Spot Prices of Uranium (2005-2007) in US$
       per pound of U3O8                                                32
       Miners Gain Upper Hand                                           32
      Concerns over Global Warming to Drive Demand for Nuclear Energy   32
      Energy Security to Drive Nuclear Power Market                     33

  4. STRUCTURE OF NUCLEAR POWER IN INDIA                                33
      DAE - THE NODAL BODY FOR NUCLEAR POWER in India                   33
       Atomic Energy Commission of India                                34
       Research Bodies Under DAE                                        34
        Bhabha Atomic Research Center                                   34
        Indira Gandhi Center for Atomic Research                        35
         A Leading Publisher of Papers Worldwide                        35
        Raja Ramanna Centre for Advanced Technology                     35
        Atomic Minerals Directorate for Exploitation and Research       36
       Industrial Units Under DAE                                       36
        Heavy Water Board                                               36
        Nuclear Fuel Complex                                            36
         Facilities in the Nuclear Fuel Complex                         37
        Board of Radiation & Isotope Technology                         37
       Public Sector Undertakings Under DAE                             37
        Nuclear Power Corporation of India Limited                      37
       Global Recognition Mirrors Superior Capabilities of NPCIL        38
        Bharatiya Nabhikiya Vidyut Nigam Limited                        39
        Uranium Corporation of India Ltd.                               39
        Indian Rare Earths Ltd.                                         39
        Electronics Corporation of India Ltd.                           40

  5. PRODUCT OVERVIEW                                                   40
      Defining Nuclear Power                                            40
      Historical Development of Nuclear Power                           40
       Early Development of Nuclear Reactors                            40
        The Progress Phase                                              41
       Present Usage of Nuclear Power                                   41
      Nuclear Power - A Key Aspect of Future of Power Generation        41
      Alternatives for Nuclear Fission Energy                           42
       Fossil Fuels                                                     42
        Oil                                                             42
        Coal                                                            42
        Natural Gas                                                     43
       Nuclear Fusion                                                   43
       Solar                                                            43
        Solar Thermal                                                   43
        Solar PhotoVoltaics                                             43
       Wind                                                             43
       Biomass                                                          44
       Geothermal Energy                                                44
        Enhanced Geothermal Energy                                      44
       Hydrogen                                                         44
      Advantages of Nuclear energy                                      44
      Disadvantages of Nuclear Energy                                   45
      Lifecycle of Nuclear Power Generation                             45
       Fission Material                                                 45
        Uranium - The Conventional Fuel for Nuclear Power Generation    45
         Uranium-235 (235U)                                             45
         Uranium-233 (233U)                                             45
         Plutonim-239 (239Pu)                                           45
        Consumption and Reserves of Uranium On the Rise                 46
         Table 15: Worldwide Uranium Reserves  by Type (2003 &
         2005): Assured Reserves  and Additional Reserves               46
        Cost of Uranium Extraction                                      46
        Economic Use of Uranium                                         46
       Recycling Power Plant Steam                                      47
      Production of Nuclear Power                                       47
       Mechanism Underlying Nuclear Power Production                    47
       Nuclear Reactor                                                  48
       Types of Nuclear Reactors                                        48
        Pressurized Water Reactors                                      48
        Heavy Water Reactors                                            48
        High Temperature Gas Cooled Reactors                            48
        Boiling Water Reactors                                          48
        Advanced Nuclear Reactors                                       48
         Uranium Fast Breeder Reactors                                  48
         Thorium Breeder Reactors                                       49
        Fourth Generation Reactors                                      49
       Second, Third and Fourth Generation Reactors: A Comparison       49
       Advantages of New Generation Nuclear Reactors                    49
      Safety Issues - At the Forefront of Nuclear Reactor Design        50
       Radioactivity Control                                            50
       Core Cooling Maintenance                                         50
       Maintaining Barriers to Prevent Radiation Release                50
      Development Costs of Nuclear Reactors                             50
      Nuclear Waste and Emissions                                       50
       Table 16: Major Isotopes and Half Life Periods                   51
       Disposal of Nuclear Waste                                        51
        Reprocessing of Nuclear Waste                                   52
       Outline of Nuclear Waste Disposal Methods                        52
        Cooling in Supervised Pools                                     52
        Reprocessing Radioactive Waste                                  52
        Disposal of Remaining Waste                                     52
        Solidifying Nuclear Waste                                       52
        Multibarrier System                                             52
      Cost Incurred on Waste Disposal and Decommissioning               52
      Radiation and Effect on Human Life                                53
       Cosmic Radiation                                                 53
       Terrestrial Radiation                                            53
       Internal Radionuclides                                           53
        Apoptosis                                                       53
        Cancer                                                          53
        Skin Burns                                                      53
        Genetic Changes                                                 53
      Research and Development in Nuclear Power                         53

  6. RECENT INDUSTRY ACTIVITY                                           54
      India Plans to Set Up Four Additional Nuclear Reactors in
       Kudankulam                                                       54
      GEH Reaches Agreements with NPCIL  and BHEL                       54
      NPCIL, NTPC Sign MoU to Set Up JV                                 54
      NPCIL, Areva Sign MoU                                             54
      NPCIL, KAZATOMPROM Sign MoU                                       54
      India to Sign Nuclear Cooperation Agreements With France, Russia  54
      Andhra Pradesh to Establish New Nuclear  Power Plants             55
      India, Canada to Sign Nuclear Agreement                           55
      Japanese Companies Eye Indian  N-power Sector                     55
      India, Belgium Sign Nuclear Agreement                             55
      CCCL Eyes Nuclear Power Generation                                55
      Adani Group Plans to Enter Nuclear Power  Sector                  55
      Indo-US Nuke Deal Obtains Clearance from  House of
       Representatives                                                  56
      Hinduja Eyes Indian Nuclear Power Sector                          56
      JSPL to Foray into Nuclear Power Sector                           56
      ONGC to Venture into N-Power Generation                           56
      NTPC to Increase Planned Nuclear Power Capacity                   56
      SJVN to Form Joint Venture with NPCIL                             56
      GMR Energy to Construct Nuclear Power Plant                       56
      GVK Power & Infrastructure and NPCIL to Purchase Reactors         57
      NPCIL to Build Nuclear Reactors in Association with France and
       Russia                                                           57
      BHEL and GMR to Import Overseas Technologies for Nuclear Power    57
      Siemens to Supply Nuclear Turbines to India                       57
      BHEL-Bhopal to Venture into High-Capacity Turbine Manufacture     57
      NPCIL to Source Reactors from Foreign Manufacturers               57
      Reliance Infrastructure to Enter Nuclear Power Generation         57
      Areva to Enter Indian Nuclear Power Segment                       58
      BHEL to Foray into Manufacture of Nuclear Components              58
      NTPC to Establish a Nuclear Power Project                         58
      Avasarala Technologies Enters Nuclear Component Market            58
      Alstom and Bharat Forge to Form Joint Venture                     58
      BHEL-Ramachandrapuram to Invest in Capacity Expansion             59
      GMR Group to Venture into Nuclear Power                           59
      Haryana Government to Establish Nuclear Power Plant               59
      BHAVINI Commences Construction of Fast Breeder Reactor            59
      Federal Atomic Energy Agency Signs Deal with NPCIL                59
      NPCIL to Introduce Fresh Wave of Investments in Nuclear Program   59
      India, South Africa and Brazil Agree on Joint Collaboration       59
      Larsen and Toubro to Foray into Nuclear Power Sector              60
      TAPS-3 Achieves Full Operation Level                              60
      Kaiga-3 Begins Commercial Operations                              60
      NPCIL to Establish New Atomic Power Plant in Maharashtra          60
      Korea Electric Power Corporation to Establish Joint Venture       60
      Government Approves Establishment of Nuclear Power Plants in
       Rajasthan                                                        60
      Russian FAE Signs MoI with DAE                                    61
      Government of India to Establish Coastal Nuclear Power Stations   61
      Government of Uttaranchal to Establish Nuclear Power Plant        61
      GE to Establish Nuclear Power Plants in India                     61
      AP Genco Teams Up with NPCIL for Nuclear Power Plant              61
      Cala Casa Sl to Establish Nuclear Power Plant in Orissa           61
      TAPS-3 Begins Commercial Operations                               62


 GLOBAL DIRECTORY