The French nuclear industry, supported by a group of European commercial banks , plans to build two European Pressurised Reactors (EPRs) in India. Jaitapur in Maharastra state, one of the only parts of the Indian coast classed as a ‘high risk’ earthquake zone , has been chosen as the site.
Despite the EPR being celebrated by the nuclear industry as its answer to the nuclear industry’s resurrection, the only EPRs under construction reveal serious concerns about its design, safety and cost. In India, these concerns would be multiplied due to weak regulation and the proposed location.
Nuclear energy is not only the most controversial and dangerous form of energy generation, it is also one of the most expensive. To raise the many billions of euros needed to build even a single nuclear reactor, utility companies rely heavily on banks and other financial market players.
If the deal goes ahead, India will be left with spiralling costs and an energy option that won’t meet its energy needs. It will seriously increase nuclear hazards, including contaminating the environment and the danger of deadly nuclear waste that has no safe solution.
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