Private Sector Participation in Nuclear Power
India is considering allowing private companies to operate nuclear power plants. Currently, only central public sector undertakings are permitted to engage in nuclear power generation.
Potential Criteria for Eligibility
- Companies will be evaluated based on:
- Financial and technical strengths
- Experience and track record
- A minimum threshold of sustained positive revenue for a specific timeframe is being discussed as a qualification parameter.
- Applicants may need experience in setting up large projects.
Legal Framework and Amendments
The government plans to roll out new rules post the legislative process. This involves amending:
- The Atomic Energy Act
- The Civil Liability for Nuclear Damage Act, which aims to safeguard against nuclear accidents, has been a concern for potential investors.
Strategic Goals and Vision
Encouraging private sector participation aligns with India's Viksit Bharat 2047 vision for clean energy. The government aims to increase nuclear power capacity to:
- 22 GW by 2032
- 100 GW by 2047
India currently has an installed nuclear power capacity of about 8.8 GW from 23 operational plants managed by the Nuclear Power Corporation of India.