India and Japan Have Agreed to Link Nuclear Testing with Termination Clause

Tokyo: After six years of intense negotiations, India on Friday signed a historic civilian nuclear deal with Japan during the annual bilateral summit held in Tokyo. The agreement will allow Japan to supply nuclear reactors, fuel, and technology to India, which will be the first country that has not signed the Non-Proliferation Treaty or NPT to have such a deal. India has agreed to link nuclear testing with termination, which implies that Japan can give a year’s notice before terminating the deal in case India breaks the nuclear testing moratorium that it had extended to the Nuclear Suppliers Group in 2008. The deal is significant as it will help guarantee Japan’s continued support to India’s civil nuclear program.

TechSci Research depicts that the increasing focus on clean energy development mechanism supported by policy initiatives of the governments are major drivers for nuclear power generation market globally. The increasing demand for power and reduction in conventional fuel reserves increases the likelihood of development of nuclear power generation.

According to released report of TechSci Research “India Power & Distribution Transformers Market Forecast & Opportunities, 2020”, the power and distribution transformers market in India is projected to grow at a CAGR of over 10% till 2020. Power transformers contribute a major portion in overall market revenues due to their higher price points. Under the 12thfive year plan (2012-2017), Indian government allocated US$ 200 billion for strengthening the country’s power generation, transmission and distribution sector. One of the major developments underway includes the country’s shift from 765 kV to 1200 kV power transmission.