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Too soon to assess Japan impact on N-sector: GE
GE said it was too early to know what impact the N-power crisis in Japan would have on the nuclear power industry.
New Delhi: General Electric Co Chief Executive Jeff Immelt on Monday said it was too early to know what impact the nuclear power crisis in Japan would have on the nuclear power industry.
Engineers in Japan were scrambling to head off a nuclear catastrophe after Friday's devastating earthquake, with officials saying on Sunday that three damaged nuclear reactors north of Tokyo were at risk of overheating.
"It's early days. Let people do exploration of what happened and let it take its course," Immelt told a group of editors in the Indian capital.
"Our first priority is to support the government and people of Japan," Immelt said, adding that GE will donate $5 million to the relief effort and is also offering technical assistance.
Japan's battle to avert a full-scale meltdown could damage the global nuclear energy industry, and derail plans to build dozens of new power plants and forestall any surge in demand for uranium to fuel them, analysts say.
In 2007, GE combined its nuclear ventures with Hitachi 6501, on the expectation of a nuclear renaissance in the coming years.
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