Cabinet Clears Bill to Open Nuclear Power to Private Firms
POWER & RENEWABLE ENERGY

Cabinet Clears Bill to Open Nuclear Power to Private Firms

The Union Cabinet on Friday approved a Bill aimed at opening India’s tightly regulated civil nuclear power sector to private participation, as the country targets 100 GW of atomic energy capacity by 2047. The decision was taken at a meeting chaired by Prime Minister Narendra Modi.

The Cabinet is learnt to have cleared the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, which seeks to create a policy and regulatory framework to enable private investment in nuclear power generation while strengthening India’s long-term energy security.

The move follows Finance Minister Nirmala Sitharaman’s announcement in the Union Budget in February, where she outlined plans to open up the nuclear power sector to private players. As part of this push, Sitharaman also unveiled a Nuclear Energy Mission focused on research and development of small modular reactors (SMRs).

The mission carries an outlay of Rs 200 billion and aims to operationalise five indigenously developed SMRs by 2033. These smaller reactors are expected to play a key role in expanding nuclear capacity in a cost-effective and scalable manner, supporting India’s clean energy transition.

The Union Cabinet on Friday approved a Bill aimed at opening India’s tightly regulated civil nuclear power sector to private participation, as the country targets 100 GW of atomic energy capacity by 2047. The decision was taken at a meeting chaired by Prime Minister Narendra Modi. The Cabinet is learnt to have cleared the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, which seeks to create a policy and regulatory framework to enable private investment in nuclear power generation while strengthening India’s long-term energy security. The move follows Finance Minister Nirmala Sitharaman’s announcement in the Union Budget in February, where she outlined plans to open up the nuclear power sector to private players. As part of this push, Sitharaman also unveiled a Nuclear Energy Mission focused on research and development of small modular reactors (SMRs). The mission carries an outlay of Rs 200 billion and aims to operationalise five indigenously developed SMRs by 2033. These smaller reactors are expected to play a key role in expanding nuclear capacity in a cost-effective and scalable manner, supporting India’s clean energy transition.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement