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India’s Nuclear Generator a Cash Cow for Global Energy Firms
After being locked out of global nuclear trade for more than three decades, India is looking to lock up some major energy deals. Large global energy companies are lining up in droves to make sure that happens.
India launched its first nuclear test in 1974, but the country refused to sign the global Treaty on the Non-Proliferation of Nuclear Weapons (NPT). As a result, the 45-member Nuclear Suppliers Group (NSG) banned India from global nuclear trade.
That ban was lifted last September when Washington pushed through a “waiver” that freed India from 34 years of sanctions.
Critics of the deal worry that by lifting…
24Feb2009 | Money Morning | 0 comments | Continued
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