"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Thursday, November 29, 2007

Indian Nuclear Power throttled back on shortage of uranium fuels ....

The state owned Nuclear Power Corporation of India Limited has said that five of the 17 nuclear power plants in the country (5 more being constructed) had been shut down and the remaining are operating at an average of less than 50% capacity for want of fuel. (website) (pic of Kudankukulum new PWR plant in Tamil Nadhu State under construction)

Two units at Narora atomic power plant in Uttar Pradesh are shut down for annual maintenance work while the newly commissioned Kaiga unit 3 in Karnataka and one unit of Kalpakkam atomic power plant near Chennai are facing closure for want of fuel, Chairman and Managing Director of NPCIL S K Jain said recently.

He also said that the remaining 12 plants which had an established 95 % capacity are now running between 50-70 % making the average capacity of nuclear power production in the country less than 50 %. This has come after an upbeat Press release in August which claimed there were no problems and new mines would be opening up - India is said to have indigenous Uranium reserves to fuel 10,000Mw capacity

Which should give the energy planners looking at the plans for building a new nuclear fleet in the UK cause for thought...and send investors looking for Uranium mining stocks to invest in.

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