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India has signed its first contract to build nuclear power plants after the international community lifted an embargo1 on civilian2 nuclear trade with the country. The deal marks the end of India's nuclear isolation3.
Chairman and CEO of Areva, Anne Lauvergeon, holds up document during signing of agreement in New Delhi, 04 Feb 2009
The state-owned Nuclear Power Corporation of India Ltd. signed a preliminary accord with French company Areva in New Delhi, Wednesday, to provide up to six nuclear reactors5.
The reactors will be located in Jaitapur, in the western Maharashtra state. The estimated value of the deal has not been disclosed, but the cost of one reactor4 is expected to be $5 billion to $8 billion.
This is the first agreement to provide nuclear reactors since countries which supply nuclear technology approved a controversial proposal by the United States to drop a 34-year ban on nuclear trade with India.
The ban was imposed because India is not a signatory to the Nuclear Non-Proliferation Treaty.
An energy advisor6 to the Confederation of Indian Industry, V. Raghuraman, says Wednesday's deal with the French company marks a starting point for India to gain access to state-of-the-art civilian nuclear technology.
"Today, since there has been a technology denial and fuel denial for the last more than three decades, India has developed an in-house program and there have been some capabilities7, but surely these are not world class or also of the capacities which are required for future development. Which would mean we really need to access technology. We would like to look at accessing technology from all around, because the kind of capacities which we need are phenomenal," said Raghuraman.
India has 17 nuclear reactors, which contribute about 2.5 percent of the country's electricity.
India is desperately8 short of power, wants to scale up the share of nuclear power, significantly, to meet the needs of its growing economy.
Energy advisor Raghuraman says India want to add 60,000 megawatts of nuclear energy, in the next 15 years.
"India does not have much of energy option. We are short of hydrocarbons9. We are short of coal. We are short of everything. We need an energy mix. We need to make the ground today to prepare for the future," said Raghuraman.
India is expected to spend billions of dollars to build nuclear power plants. In addition to France, India is likely to access the technology from the United States and Russia.
1 embargo | |
n.禁运(令);vt.对...实行禁运,禁止(通商) | |
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2 civilian | |
adj.平民的,民用的,民众的 | |
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3 isolation | |
n.隔离,孤立,分解,分离 | |
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4 reactor | |
n.反应器;反应堆 | |
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5 reactors | |
起反应的人( reactor的名词复数 ); 反应装置; 原子炉; 核反应堆 | |
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6 advisor | |
n.顾问,指导老师,劝告者 | |
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7 capabilities | |
n.能力( capability的名词复数 );可能;容量;[复数]潜在能力 | |
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8 desperately | |
adv.极度渴望地,绝望地,孤注一掷地 | |
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9 hydrocarbons | |
n.碳氢化合物,烃( hydrocarbon的名词复数 ) | |
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