India Plans Nuclear Liability Fund to Boost Investment
POWER & RENEWABLE ENERGY

India Plans Nuclear Liability Fund to Boost Investment

India plans to establish a nuclear liability fund to cover accident compensation exceeding Rs 15 billion ($169 million) owed by plant operators, government sources said. The move aims to ease risk concerns for global suppliers and private firms, potentially unlocking stalled foreign and domestic investment in the nuclear sector.
The statutory fund, proposed under a new atomic energy bill, would supplement an operator’s capped liability, replacing the current ad hoc payout system. “The fund seeks to bolster the government’s ability to compensate victims in the event of an accident,” said one source.
India plans to expand its nuclear capacity twelve-fold by 2047 and is relaxing rules to end the decades-old state monopoly and stringent liability provisions, enabling private participation and attracting foreign technology suppliers. Major conglomerates, including Tata Power, Adani Power, and Reliance Industries, are preparing investment plans.
The legislation, expected to be introduced in parliament’s winter session in December, aims to attract private firms to nuclear power generation and uranium mining, with foreign players taking minority stakes in plants. It also seeks to remove provisions exposing suppliers to unlimited liability, providing a legal mechanism for compensation beyond the operator’s cap.
Currently, India relies on a nuclear insurance pool launched in 2015, which was not embedded in law and has not fully alleviated foreign firms’ caution. Once passed, the new bill will replace the Atomic Energy Act of 1962 and the Civil Liability for Nuclear Damage Act of 2010.

India plans to establish a nuclear liability fund to cover accident compensation exceeding Rs 15 billion ($169 million) owed by plant operators, government sources said. The move aims to ease risk concerns for global suppliers and private firms, potentially unlocking stalled foreign and domestic investment in the nuclear sector.The statutory fund, proposed under a new atomic energy bill, would supplement an operator’s capped liability, replacing the current ad hoc payout system. “The fund seeks to bolster the government’s ability to compensate victims in the event of an accident,” said one source.India plans to expand its nuclear capacity twelve-fold by 2047 and is relaxing rules to end the decades-old state monopoly and stringent liability provisions, enabling private participation and attracting foreign technology suppliers. Major conglomerates, including Tata Power, Adani Power, and Reliance Industries, are preparing investment plans.The legislation, expected to be introduced in parliament’s winter session in December, aims to attract private firms to nuclear power generation and uranium mining, with foreign players taking minority stakes in plants. It also seeks to remove provisions exposing suppliers to unlimited liability, providing a legal mechanism for compensation beyond the operator’s cap.Currently, India relies on a nuclear insurance pool launched in 2015, which was not embedded in law and has not fully alleviated foreign firms’ caution. Once passed, the new bill will replace the Atomic Energy Act of 1962 and the Civil Liability for Nuclear Damage Act of 2010.

Next Story
Infrastructure Urban

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's  fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building  (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous  Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in  Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant  advancement in the company's commitment to engineered performance, manu..

Next Story
Infrastructure Urban

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Next Story
Infrastructure Urban

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App