Thorium Moves Into India
Thorium Power, Ltd. [[THPW.OB]] develops, promotes and markets its three nuclear fuel designs and is making some big waves in the developing world. The firm has become the first U.S. nuclear energy company to enter India after the nations’ civil energy agreement late last year. The 50% joint venture with Punj Lloyd, an Indian engineering firm, involves the use of thorium fuel for nuclear energy.
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Thorium fuel is good for India as the country as either the most or second most thorium after Australia. Nuclear energy suppliers have been racing to enter India after the Nuclear Supplier Group, an international organization representing companies that supply nuclear energy, lifted its embargo on India in August of last year. The embargo had been in place for around 30 years.
Thorium is seen as one of the most viable solutions to bringing nuclear capabilities to the developing nations. The technology offers enhanced proliferation-resistance of spent fuel by stopping the reactor from producing nuclear weapons-usable plutonium. It also offers significantly reduced long-term radio-toxicity of spent fuel, improved economics and increased safety over traditional reactors.
Meanwhile, Thorium Power remains one of the premier players in this niche market. The company offers advisory services for countries seeking to establish nuclear programs. Comprehensive strategic planning and advisory services for new and growing existing markets has allowed the company to quickly expand. The entry into the growing Indian market could mark a turning point.
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