PM invites S. Korean companies to invest in solar and nuclear sectors

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Prime Minister Manmohan Singh asked South Korean businessmen to help India expand its burgeoning solar and nuclear power sectors by investing in these environment friendly technologies.

Singh told a group of top Korean CEOs that, “We are committed to increasing energy efficiency and the share of renewables, including solar and nuclear power, in our energy mix.”

Among the CEOs present was Ms Kim Joong Kyum of the Korea Electric Power Corporation which has interests in nuclear power that meets 45 per cent of Korea’s electricity requirements.

The prime minister at a meeting organised by Korean industry chambers said that, “There will be large business opportunities and I am aware of Korean capabilities in environmentally friendly technologies.”

South Korean President Lee Myung-bak, during a bilateral meeting with Singh had requested that his country be allocated a site in India to build nuclear reactors.

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