With a political breakthrough achieved over the highly-contentious issue of the Indo-US nuclear deal, a number of countries like Turkey, Indonesia, Sri Lanka, Malaysia, Thailand and UAE have initiated talks with the Nuclear Power Corp of India (NPCIL) to buy low-cost, small and medium-sized nuclear power reactors (SMRs), indigenously developed by NPCIL, as reported in economictimes.com
India and China are the two countries in the world that develop low-cost SMRs (less than 600 mw) while the developed world is focused on large-scale nuclear reactors with capacities over 900 mw.
The cost of developing SMRs in India is around Rs 5-6 crore per mw compared to the international price of $15-20 million (Rs 60-80 crore).
A potentially huge international market of development of low-cost SMRs has opened up with India drawing close to the deal. We have been getting enquiries from a number of countries that want to import SMRs from us, senior NPCIL officials said. India was unable to purchase or sell its nuclear technology and nuclear fuel in the international market due to the sanctions and restrictions imposed by Washington following the 1974 Pokhran nuclear test. Now, the US has agreed to complete civil nuclear energy co-operation with India.
It will now seek the Congress nod to adjust US laws and policies, and will work with friends and allies to adjust international regimes to enable full civil nuclear energy co-operation and trade with India, including, but not limited to, expeditious consideration of fuel supplies to nuclear reactors at Tarapur. - Economictimes.com