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U.S. and India, Nuclear Bedfellows: The countries' nuclear cooperation deal has detractors such as Pakistan. But it promises to be a bonanza for U.S. reactor builders (Nandini Lakshman , 12/11/06, Business Week)

India clearly must reconfigure, expand, and diversify its energy industry. The country is already failing to meet its energy demands, and that's constraining economic growth. Without additional electric power generation, New Delhi will have a tough time boosting annual gross domestic product growth to 10% by 2010, from around 8% now.

At the moment, India has about 16 nuclear reactors and seven are under construction, including two large ones and a fast breeder reactor. Some of them were built decades ago, are small-scale, and are administered by the federally run Nuclear Power Corp. And they've all been suffering from lack of modern technology as well as a fuel shortage, the result of sanctions imposed on India when it tested a nuclear device.

Assuming the U.S.-India deal goes through, India realistically won't start letting out international contracts for its nuclear build-out until late 2007. And it will be seven years from now before the first unit of electricity from a new nuclear power plant is released. Still, the industry is eager, hopeful, and looking forward to a dramatic expansion.