N-deal to boost India’s energy production

Rediff.com reports India would be signing the civilian nuclear deal with US which has the potential to significantly boost its nuclear energy production.

The agreement still has a long way to go, requiring approval from the International Atomic Energy Agency and the US legislature before receiving signatures of President Bush and Prime Minister Manmohan Singh. Moody’s economy.com report, titled ‘India Set for Historic Energy Deal With the US’, said the country’s deficit between total primary energy consumption and production has been on the rise. For instance, the energy deficit grew over 20 per cent between 2000 and 2005.

Moody’s economy.com, an associate of global rating agency, in a report says:

“Following two days of vigorous debate, India’s parliament on Tuesday pushed through a government motion that should see the world’s largest democracy sign a civilian nuclear energy agreement with the United States. “Despite not having signed the nuclear non-proliferation treaty, the agreement could see India gain access to US civilian nuclear technology as well as end sanctions  preventing purchases of American uranium.”

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