The Ministry of External Affairs made it clear that India’s Nuclear liability law will not be amended. As per the report, in case of a nuclear accident, an individual victim cannot sue the Foreign suppliers of the reactors. But they can be held liable by the operator ie Nuclear Power Corporation of India Ltd.
The liability in case there is a nuclear incident will be capped at $300 million SDRs or Rs. 2610 crores. The operator NPCIL is only liable up to Rs.1500 crores, and the Union government would pay the remaining RS 1110 crores. On the India Nuclear Insurance Pool, a risk transfer mechanism formed by General Insurance Company Re and four other Public Sector Units will together contribute Rs.750 crores out of a total of Rs.1,500 crore. The balance would be contributed by the government.
Knowledge is Wealth
- Kailash Chandra Purohit is the current Chairman and Managing Director of Nuclear Power Corporation of India Ltd.
- Kudankulam Nuclear Power Plant – India’s first nuclear plant to generate 1,000 MW power.
- Tarapur Atomic Power Station (Maharashtra) – the first and the largest nuclear power plant in India.
- The International Atomic Energy Agency (IAEA) – organization seeks to promote the peaceful use of nuclear energy.
- IAEA’s Headquarters – Vienna, Austria.