GE Hitachi Nuclear Energy Powers Nuclear Trade Mission to India

GE Hitachi Nuclear Energy is helping lead this week’s 50-member,
U.S. nuclear industry delegation to India to support the expansion of
safe, low-carbon nuclear energy to increase electricity supplies in one
of the world’s fastest-growing economies.

Danny Roderick, GEH’s
senior vice president of nuclear plant projects, will serve as
co-leader of the delegation in meetings today through Friday in New
Delhi and Mumbai with senior Indian government officials and energy
industry leaders. Certified by the U.S. Department of Commerce, the
mission is organized by the U.S.-India Business Council (USIBC) with
the Nuclear Energy Institute (NEI).

The trade mission provides
a forum for discussions on next steps in supplying India with
next-generation nuclear reactor technology and related services, as the
United States and India continue to implement their historic
cooperation agreement on civilian nuclear energy, approved in 2008. In
Washington, D.C., U.S. President Barack Obama and Indian Prime Minister
Manmohan Singh on Nov. 24 reiterated their commitment to fully
implement the bilateral agreement.

“This week’s trade mission
to India comes on the heels of Prime Minister Singh’s successful state
visit to Washington, and after months of steady progress toward making
the historic U.S.-India nuclear accord a commercial reality," said
USIBC Director Ted Jones. “We look forward to working closely with our
Indian partners and we are pleased that GE Hitachi Nuclear Energy is
once again providing leadership for this initiative.”

Nuclear energy is one of the few baseload sources of electricity that create nearly zero CO2
emissions during the electricity-generation process. GEH offers its
ABWR and ESBWR reactor designs to customers worldwide to meet the
individual needs of energy companies seeking to meet rising energy
demand with low greenhouse gas emission power alternatives.

“The
U.S. nuclear industry has the knowledge, experience and expanding
infrastructure to support the global construction, operation and
maintenance of nuclear energy facilities,” said Tony Pietrangelo, NEI’s
senior vice president and chief nuclear officer. “We welcome the
opportunity to provide innovative products and services to India as a
means of meeting fast-rising electricity demand with a proven,
clean-energy technology.”

India plans to expand its electricity
production from nuclear energy more than tenfold, from 4.1 gigawatts
(GW) today to 63 GW by 2032. Of that total, an estimated 30-40 GW would
come from imported reactor technologies, including from GEH, with
global headquarters in Wilmington, N.C.

India has set aside two
sites for potential 10,000-MW nuclear power stations featuring reactor
designs from U.S.-based providers. One of the two sites is in the
western state of Gujarat and the other is in the southern state of
Andhra Pradesh.

Under terms of a preliminary agreement signed
earlier this year with Mumbai-based Nuclear Power Corporation of India
Limited (NPCIL), GEH could help India’s nuclear utility build multiple
third-generation nuclear reactors at one of the two sites.

“GE
Hitachi Nuclear Energy stands ready to support India’s ambitious plans
to grow its nuclear-energy program,” Roderick said. “The prospects are
exciting for job growth in both countries. Nuclear energy has a leading
role to play in addressing carbon emissions as part of a diversified
portfolio of energy generation solutions.”

With the 1,350-MWe
ABWR, GEH offers the world’s only commercially proven Generation III
reactor with successful construction and operational experience. The
first of four ABWRs now in service went online in 1996, and four
additional units are being built today.

GEH’s 1,520-MWe ESBWR
design is Generation III+ technology offering advantages including
passive safety features, a further simplified design and even higher
safety margins than the already safe, deployed fleet of nuclear
reactors. The ESBWR currently is progressing in the design
certification process of the U.S. Nuclear Regulatory Commission.

To
begin preparing the local manufacturing and construction resources
needed for a multiple-unit reactor project in India, GEH has signed
separate agreements with Bharat Heavy Electricals Ltd. and Larsen &
Toubro. These resources would complement GEH’s global supply chain. GEH
will continue to apply advanced, modular construction techniques
developed by its global nuclear alliance during decades of
uninterrupted plant construction.

The trade delegation is the
U.S. industry’s second mission to India since the October 2008 approval
of the U.S.-India nuclear energy cooperation agreement, which lifted a
three-decade ban on nuclear technology trade between the two countries.
Such agreements create the legal framework to enable U.S. firms to
provide other countries with nuclear technology and fuel.

GE
has a long history of working with India’s civilian nuclear energy
industry, having built the Tarapur 1 & 2 units that started the
nation’s original civilian nuclear energy program in the 1960s.

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