Opportunity for US Law firms to engage with National Power Corporation of India
NPC to hire int'l law firms to explain nuke bill clauses to US
Press Trust of India / Mumbai October 12, 2010, 12:27 IST
The Nuclear Power Corporation will engage international law firms to explain certain clauses of the recently passed Civil Liability for Nuclear Damage Bill, for the US, ahead of President Barack Obama's visit to India, a senior NPCIL official said today.
India has signed an agreement with the United States to set up reactors in Gujarat and Andhra Pradesh, but both the countries have not yet reached a stage of serious technical design discussions. That is because the US government has apprehensions on some aspects of the Bill relating to unlimited liability, Jagdeep Ghai, Director (Finance) NPCIL, told reporters here.
"The US has perhaps not interpreted the law properly. Russia and France (who have signed the bilateral civil nuclear agreement) have not reacted in the same manner. Therefore, these law firms will be able to explain (clauses) to the US in their parlance," Ghai said.
For complete article, click here.