‘INDIA TO SEEK $26 BN PRIVATE INVESTMENT IN NUCLEAR POWER SECTOR’
Why in the news?
- India aims to attract private investment of approximately $26 billion in its nuclear energy sector.
- The move seeks to bolster electricity production from non-carbon emitting sources, addressing environmental concerns.
Key focus on Investment Targets and Objectives:
- Increase non-fossil fuel-based electricity to 50% by 2030.
- Add 11,000 MW of new nuclear capacity by 2040.
- Reliance Industries, Tata Power, among others, to invest $5.3 billion each.
- NPCIL operates projects for a fee, allowing firms revenue from electricity sales.
source: gkinsights
Current Status of Nuclear Energy in India:
● Nuclear Energy Status:
● Recent Developments:
● Indigenous Move: o Constructing “Bhavni,” India’s first thorium-based nuclear plant in Kalpakkam, Tamil Nadu. |