Kris singh

Holtec International held a ribbon-cutting grand opening of the Krishna P. Singh Technology Campus in Camden, N.J. Seen here (from left) are Sen. Stephen D. Sweeney, Indian Consul General Sandeep Chakravorty, Ukraine Ambassador Valeriy Chaly, Holtec president and CEO Dr. Krishna P. Singh, and Camden Mayor Dana Redd. ( photo)

WASHINGTON — Holtec International held a ribbon-cutting ceremony last month for the grand opening of a technology campus named after its Indian American president and chief executive officer.

The company Sept. 12 celebrated the grand opening of the Krishna P. Singh Technology Campus in Camden, N.J. The nearly 50-acre campus features a large manufacturing plant, a light manufacturing plant, and a seven-story engineering office building.

Singh declared the Campus to be Ground Zero for the renaissance of nuclear energy and heavy manufacturing in America.

“It will serve as the launching pad for the regeneration of manufacturing in the United States,” he said in a company news release. “We will build nuclear reactors here, and they will sail from the port of Camden to hundreds of places around the world.”

Ukraine’s Ambassador Valeriy Chaly and India’s Consul General in New York Sandeep Chakravorty, both in attendance at the ceremony, emphasized their countries’ strong cultural and business nexus with the United States, Holtec said.

They expressed confidence that the ongoing technical collaboration with Holtec International in the areas of Holtec’s core competence such as establishing new nuclear power plants, support of existing operating plants and management of used nuclear fuel will continue to grow, it said.

Other dignitaries at the event included Sen. Stephen D. Sweeney, New Jersey Gov. Chris Christie, and Camden Mayor Dana Redd.

Singh also recently added that he is pushing for fast track mini nuclear reactors, saying they are economical and could be constructed within two years.

Negotiations on mega nuclear power plants with Westinghouse and General Electric are either in the doldrums or moving at snail's pace.

"The new generation Small Nuclear Reactor uses light water technology to produce 160 MW and is the future of nuclear energy reactor because of its unconditional safety and economy," Singh told PTI in a recent interview.

Singh, who came to the United States more than four decades ago and has multiple patents to his name, said the new SMR reactors require only a few acres of land.

And because it is air cooled, it can be put in a desert, unlike traditional reactors which require huge amounts of water for cooling purposes.

Constructing each of these small nuclear reactors costs $1 billion.

But if made in India, the cost could be far less, he said.

"The Indian labor is the construction cost would be less. You should reasonably expect between 20 to 30 percent reduction in cost as we go forward," said Singh, who earned his engineering degree from BIT Sindri, which is now in Jharkhand.

The company has written a letter to Prime Minister Narendra Modi on the SMR 160 with an offer to have it constructed in India under the Make in India program.

Asserting that it is better to put five of these modular reactors than a large 800 MW reactor, Singh said his company is being considered for both the Canadian and British SMR programs and is at the forefront of SMR technology.

He said it will be much cheaper in price per MW and will be much faster to build.

—    With PTI reports

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