Philip wrote:Homi Sethna,a great loss indeed.A truly great hero of modern India.May he RIP.
I cannot understand why in the BP US oil spill accident,where 11 died,and the liability to BP is now estimated at $22 billion which might even go upto $50 billion,for which the US govt. and the Messiah vow to get "every nickel and dime" from BP,while we have placed such a paltry figure by comparison as compensation in the event of a nuclear accident.Obama must be asked this question when he visits India.There cannot be double standards.Sadly,our great major parties have agreed upon a pittance instead,more's the pity.
Philip,
I really hope you realise that BP is liable as the
operator (actually joint operator in partnership with Anadarko Petroleum) of the oil rig off the Gulf of Mexico.
Meanwhile, the liability bill passed by Parliament has essentially two parts to it. One is it fixes the
operator's liability in case of a nuclear accident. The second part allows the
operator to pursue action against the
equipment supplier in case it is proved -
after the operator pays out compensation - that the accident occurred due to equipment failure or negligence on the part of the
equipment supplier.
Now here's the crux.
The sole operator of nuclear power plants in India will be NPCIL which, in case it slipped your mind, is a GoI entity. Now I'm all for NPCIL being held liable for $22 billion, $50 billion, what the heck, $100 billion in liability as the
operator just as BP is being hauled over the coals as the
operator of the oil rig.
But can you tell me how the fish President Obama comes into the picture of what the GoI and the parties represented in Parliament decides is the correct compensation figure
to be paid out by NPCIL in case of a nuclear accident?
Or are you one of those Indians who literally take the Messiah title conferred on Obama?
I'm amazed that you don't realise that the BP incident, is not comparable to equipment supplier liability, the portion of the liability bill that's being discussed.
Or does the mathematics go like this:
a) (Oil rig) Operator = BP = firangi company
b) (Nuclear) equipment supplier = Westinghouse (say) = firangi company.
Therefore, a=b that is: Oil rig Operator = Nuclear equipment supplier! [Because both are friangi]
Hence catch Ombaba since he's going after BP therefore he should go after Westinghouse? (Of course we shouldn't go ahead of ourselves, let them supply equipment for a N-plant first)!
I suggest you read up about the compensation given out after the Three Mile Accident.
Added later:
Have a look at what the new law provides for:
The law sets the maximum operator liability for any single nuclear incident at a reactor greater than 10MW in power at Rs 1500 Cr ($322 million), according to the text of the law. An incident at a spent fuel reprocessing plant is capped at Rs 300 Cr ($64 million). Incidents during transport, at other fuel cycle plants and at research reactors below 10MW are capped at Rs 100 Cr ($21 million). The maximum amount of liability for each incident is the Rupee equivalent of 300 million International Monetary Fund special drawing rights ($300 million). The legislation expects that operators will take out insurance to cover the risk.
After paying compensation, operators have the right of recourse to suppliers or other parties in three cases: when the right is written into a contract, when the damage is caused by a malicious individual, and "where the nuclear incident resulted as consequence of act of supplier or his employee, which includes supply of equipment or material with patent or latent defects or sub-standard services."
Source
here
If you don't like the compensation amounts why don't you write an open letter to the Messiah complaining about the Indian system!
