NEW DELHI : The impasse in setting up new nuclear reactors in India due to the Nuclear Liability Act could end soon with India and Russia in the final stages of finalising a cost mark-up to cover the additional insurance burden that suppliers must bear as a result of the new law.
The Civil Liability for Nuclear Damages Act 2010 makes suppliers liable in case of an accident, both through the section giving operators a right of recourse against them (section 17) in the event of faulty (…)
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