|
New
Release -- Superconductor Week does not edit or endorse the following
news release:
Indian Participation in International
Thermonuclear Experimental Reactor (ITER) Approved
New Delhi, India, 5 July 2007: The Union Cabinet
today gave its approval for the following:
i) To the project titled Indian Participation in
International Thermonuclear Experimental Reactor, at a base cost of Rs.2500
crore. The FE component calculated at base cost will be Rs.1129 crore.
ii) To constitute an Empowered Board by the Governing Council of
Institute for Plasma Research with
sufficient powers required for effective implementation of the project within
the framework of the agreement signed among the parties to the ITER and ITER
International Organisation and also within the sanctioned amount for the project
of Rs.2500 crore. This shall, inter alia, include:
a) Full financial powers, particularly powers in respect of single limited and
restricted tendering process and administrative powers to the total extent of
the budgetary sanction and resource allocation for the project.
b) Full autonomy in laying down the rules, procedures and guidelines for
financial, administrative and any other matters related to the execution of the
project.
c) Full autonomy in deciding the delegation of powers in financial and
administrative matters in conformity with the various stipulations and
guidelines of the Government and Central Vigilance Commission.
d) Power to create posts and lay down suitable recruitment norms depending upon
size and nature of activities subject to over all sanctioned manpower
requirement.
To ensure this the Empowered Board, in turn, shall frame administratively and
financially sound policies and put into place procedurally transparent rules,
regulations and practices.
India’s joining ITER is recognition of India’s scientific and technical
capability in fusion energy.
Considering India’s large energy needs in future, our gaining technological
capability in fusion energy will be of considerable long term benefit.
India’s participation in ITER will allow India to leapfrog in terms of our
national technological capability in fusion energy.
Return
to industry news releases |
