1 Nov (NucNet): India has signed the International Atomic Energy Agency's Convention on Supplementary Compensation for Nuclear Damage (CSC), which seeks to establish a global regime for the compensation of victims in the event of a nuclear accident.
The Indian Ambassador, Mr Dinkar Khullar, signed the CSC at IAEA headquarters on 27 October 2010.
Four states have signed and ratified the convention – Argentina, Morocco, Romania and the US. India’s signing brings a total of 14 states as current signatories to the convention.
The convention is set to enter into force on the ninetieth day after the date of ratification by at least five states who have a minimum of 400,000 “units” of installed nuclear capacity. A unit is defined as one megawatt of thermal power – 400,000 units correspond to a capacity of roughly 130,000 MWs total electrical output.
The CSC refers to the Vienna Convention on Civil Liability for Nuclear Damage and the Paris Convention on Third Party Liability in the Field of Nuclear Energy. It establishes an international fund to increase the amount available to compensate victims of a nuclear accident. It also allows for compensating civil damage including loss of tourism or fisheries related income.
For more information on the CSC see the IAEA’s website:
www.iaea.org/Publications/Documents/Conventions/supcomp.html
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