Nuclear plant supplier GE Hitachi Nuclear Energy shielding finances from the risks of an accident at a Canadian nuclear station
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Energy Net on 28 Jun 10President, Institute for Energy and Environmental Research Before the Indian Parliament votes on limiting the liability of nuclear operators due to accidents, it should carefully consider the much higher limits that the United States has set for itself about $11 billion per incident industry maximum (under the Price-Anderson Act). The liability of the operator of the plant would be just Rs. 500 crores, about $110 million, which is just one percent of the U.S. limit, and about $450 million per accident. The proposed law allows an adjustment of this upwards or downwards to a possible lower limit of just Rs. 300 crores, or about $65 million. But more than that, Parliament should consider that the actual damages could be far greater than the U.S. liability limit. A 1997 study by the U.S. governments own Brookhaven National Laboratory, on Long Island, New York, found that the severe spent fuel pool accidents could result in damages from somewhat under $1 billion of up to $566 billion, depending on a how full and hot the pool is at the time of the accident and the intensity of the postulated fire. The high-end figure would amount to over $700 billion in 2009 dollars. Vast amounts of land --- up to about 7,000 square kilometers in the worst case would have to be condemned. Large numbers of people would have to be evacuated. Further, the maximum estimated monetary damages do not take into account some critical elements. For instance, the Brookhaven amount does not include excess cancer deaths, estimated to range from 1,500 to more than 100,000. Worst case nuclear reactor accident cancers and condemned area were estimated to be generally comparable to the upper end of the spent fuel accident estimates.