AN ASIAN tycoon from Uganda proposes to set up a series of General Electric-Hitachi mini-nuclear reactors in Britain, The Telegraph reports.
The Indian-origin Madhvani family is often referred to as the ‘Rockefellers of Uganda’, because of their varied business interests across Africa.
The Madhvani family came to Uganda in the early 19th century and now own a conglomerate spanning sugar farming, steel production, construction, hotels, and insurance.
They want to build small modular reactors (SMR) using the technology developed by GE-Hitachi. They have named the scheme ‘Project Quasar’ and hope to replicate this in other countries.
The company is yet to zero in on the sites but aims to have the first reactor, with a generating capacity of up to 300 megawatts of power, by the end of this decade Read More….