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India: Government working on nuclear insurance pool

June 30, 2014 - 6:00am

The Indian government, insurers and officials of Nuclear Power Corp. of India Ltd. are working out the modalities of providing coverage to existing and new nuclear power plants, R.K. Sinha, chairman of the Atomic Energy Commission, said.

Mr. Sinha said the government is looking to establish a nuclear insurance pool, The Indian Express reported.

"We are on the way to find a solution (to liability law concerns)" and "we will be putting in place a mechanism to cover the risk through insurance (for nuclear plants)," he said.

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