Why is India still looking to nuclear companies that now face financial ruin?

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India flirts with nuclear firms facing financial ruiTwo of the major nuclear firms, India is dealing with, have run into financial crisis. As India looks forward to increase its share of nuclear energy in total power generation, the wavering financial condition of the firms raises some serious questions. India Today, IANS  by Prabhash K Dutta New Delhi, April 16, 2017, For long a pariah in the global nuclear technology market, Indian policymakers are pleasantly discovering how the boot is on the other foot as they are furiously courted by foreign firms themselves facing financial ruin.

American nuclear giant Westinghouse, which is in talks with the Indian government on a proposed project in Andhra Pradesh, filed for bankruptcy earlier this month.

A year ago, the French energy major Areva, which has offered to build reactors at a Maharashtra site, began a process of major restructuring following huge losses.

WESTINGHOUSE’S…

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