Monday, October 19, 2009

US welcomes India's decision to allocate sites for N-plants


The US has welcomed India's decision to allocate sites for its two nuclear plants, saying the key step is a recognition of trust and brings the two nations closer to full cooperation on safe and clean energy sources.

On behalf of the people of the United States of America, I am very pleased with this key step that brings our two great nations closer to full cooperation on safe and clean energy sources, US Ambassador to India Timothy J Roemer said in a statement in New Delhi after India made the announcement on Friday.

The government announced that it has allocated sites in Chhayamithi Virdi, in Gujarat, and Kovvada in Andhra Pradesh for the United States for the construction of civil nuclear power plants in pursuance to the agreement with the US for expanded cooperation on the peaceful uses of nuclear energy.



This important announcement comes in welcome recognition of the trust and confidence as well as the growing partnership between our two countries, the Ambassador said.

He said the development not only promises to deliver greater access to clean and affordable energy and electricity for all Indians but also will produce jobs and economic opportunities for the people of both India and the United States.

Along with the two sites for the US, the government also announced earmarking of two sites -- Kudankulam (Tamil Nadu) and Haripur (West Bengal) -- for Russian nuclear plants and one in Jaitapur (Maharashtra) for France in pursuance to civil nuclear deals signed with them.

Oil price hits new high for 2009


The price of oil has reached a new high for 2009, continuing its recent rise on the back of the weak US dollar and strong US company results.

US crude rose 52 cents to $79.05 a barrel in early trading, before slipping back to $78.78, up 25 cents on Friday's close.

London Brent also traded higher, up 22 cents at $77.11 a barrel.

Oil prices surged last week, as encouraging US bank results fuelled optimism for the global economy.

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