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NPCIL Signs Agreement with Westinghouse

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Courtesy : The Hindu Date : 02.06.2009

NPCIL signs agreement with Westinghouse

Staff Reporter

For AP1000 pressurised water nuclear reactors

TIRUNELVELI: Nuclear Power Corporation of India Limited (NPCIL) and U.S.-based Westinghouse Electric Company (WEC) have signed a memorandum of understanding recently for commencing discussions on techno-commercial aspects of AP1000 pressurised water nuclear reactors in India.

The agreement was signed by Chairman and Managing Director, NPCIL, Shreyans Kumar Jain and President and Chief Executive Officer, WEC, Aris S. Candris in the presence of chairman of Atomic Energy Commission Anil Kakodkar.

About 50 per cent of the world’s 440 nuclear plants are based on Westinghouse technology.

According to the WEC, the AP1000 is the safest and most economical nuclear power plant available worldwide, and is the only Generation III+ reactor to receive design certification from the U.S. Nuclear Regulatory Commission (NRC).

Simplification was a major design objective for the AP1000. The simplified plant design includes overall safety systems, normal operating systems, the control room, construction techniques, and instrumentation and control systems.

The result is a plant that is easier and less expensive to build, operate and maintain. The AP1000 design saves money and time with an accelerated construction time period of approximately 36 months, from the pouring of first concrete to the loading of fuel.

In a statement, Deputy General Manager (Corporate Communications), NPCIL, Mumbai, A.I. Siddiqui has said the MoU between the two companies followed the signing of the co-operation agreement between the Government of India and the Government of United States of America in last October.

NPCIL, now operating 17 nuclear reactors and constructing five more, including the 2 X 1,000 MWe VVER (pressurised water) reactors being constructed at Koodankulam with the technical assistance of Atomstroyexports, Russia, had planned for significant capacity addition in nuclear power generation.

Apart from constructing 700 MWe Pressurised Heavy Water Reactors as part of its indigenous nuclear programme, the NPCIL has also proposed to set up nuclear power reactors with the capacity of 1,000 MWe or even higher unit size based on the international cooperation.

Signing of this MoU is yet another milestone in the cooperation between NPCIL and WEC for preparing the contract and related details of setting up of multiple AP 1000 reactors in India.

The NPCIL has already signed MoUs with General Electric Hitachi (GEH), also US-based, for setting up of advanced boiling water reactors in India and Areva, France for European Pressurised Reactors

Last Updated on Tuesday, 02 June 2009 12:34

Steps to improve urban health infrastructure on the cards

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Source : The Business Line Date : 30.05.2009

Steps to improve urban health infrastructure on the cards

Rural health mission will continue to be priority area.

V. Sudershan

New mission: The Union Health Minister, Mr Ghulam Nabi Azad, assuming office in New Delhi on Friday. —

Our Bureau

New Delhi, May 29 Mr Ghulam Nabi Azad, who took over as the Minister of Health & Family Welfare on Friday, said that he will be initiating a National Urban Health Mission in line with the rural health mission.

“Urban population is increasing very fast and urban health care infrastructure is not able to cope with growing demand. The National Urban Health Mission will be vigorously pursued and will be soon implemented after approval by the Cabinet,” Mr Azad said soon after taking charge.

Terming his new assignment as an opportunity to serve even the most deprived section of society, he emphasised implementation of National Rural Health Mission ‘in letter and spirit’ as his first priority.

“National Rural Health Mission is one programme, which is playing a major role in improving the health status of over one billion people in India. This has addressed a long-standing grievance of non-existing rural health infrastructure,” he said adding that the ministry will take a half yearly review of the programme with all the State Governments so that the scheme is implemented fully.

The Minister also pointed out the initiative of strengthening six new AIIMS and up-gradation of 13 state medical institutions. Two more AIIMS like institutes and upgradation of six state medical institutions will be taken up in the second phase.

Referring to new diseases, which have emerged in the recent times, Mr Azad said that production of new vaccines will be a priority area.

“India needs to be independent in this crucial sector as these new diseases are a major danger in the light of large population and paucity of health infrastructure,” the Minister said. On a question regarding AIIMS the Minister said that supremacy of institutions is sacrosanct in the authority of institutions will not be allowed to be diluted.

The Minister of State in the Ministry of Health & Family Welfare, Mr Dinesh Trivedi, also took charge on Friday.

Last Updated on Wednesday, 10 June 2009 04:14

Govt may migrate to Accrual Accounting in 5 yrs

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Source : The Business Line Date : 07.05.2009

Govt may migrate to accrual accounting in 5 yrs

Our Bureau

New Delhi, May 6 Accrual accounting may become a reality in Government within a five-year time frame. This emerged at a national round table conference on accrual accounting held in the Capital on Tuesday.

This conference, which was convened by the Government Accounting Standards Advisory Board (GASAB), deliberated the issue of migration from cash to accrual basis accounting and laid down the roadmap for such process. Currently, the Government adopts cash basis of accounting.

It is contended that the accrual based financial statements would provide more appropriate presentation of financial performance and position of the Government.

The Union and States would have a common format of financial statements that would include a Balance Sheet, a Statement of financial performance and a Cash flow statement. The framework for the accrual accounting would be Indian Government Financial Reporting Standards (IGFRS) issued by GASAB.

IGFRS are harmonised with International Public Sector Accounting Standards (IPSAS), the international standards for governments.

Principal Secretaries from State Governments, officials from Department of Posts, Accountant General of various states, and World Bank officials participated in the National Round Table Conference.

A Government-RBI appointed committee on financial sector assessment (CFSA) had in its recent report noted that there should not be any hasty move towards accrual-based accounting.

The CFSA report said that accrual based accounting should be attempted only in phases after ascertaining the benefits and costs of doing so and preparing a strong ground in terms of skills and awareness at all levels.

However, this should not preclude Governments from removing serious distortions caused by cash-based fiscal reporting on account of factors such as deferment of payment of subsidies through issue of bonds, the CFSA report said.

Last Updated on Wednesday, 03 June 2009 07:54

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