India urges states to consider nuclear power plants, lists utilities

14 Nov 2024 CW Team

India’s federal power minister urged states distant from coal resources to explore establishing nuclear-based power plants, in addition to identifying power utilities that could attract investment to support the rising energy demand.

This year, the Indian government proposed in its federal budget a partnership with private entities to develop small nuclear reactors, aiming to boost electricity generation from sources that do not emit carbon dioxide.

In a government statement, the power minister, Manohar Lal, advised states to consider setting up nuclear power plants at locations where coal-based thermal plants had completed their operational lifespans.

India’s strict nuclear compensation laws have, however, posed challenges in discussions with foreign power plant manufacturers like General Electric and Westinghouse. Currently, with a nuclear capacity of approximately 8 GW, India aims to increase this to 20 GW by 2032.

The minister also called on states to list their power utilities on the stock exchange to secure greater investment in the power sector and to improve transmission infrastructure, which would support additional renewable energy capacity.

India has committed to achieving net-zero carbon emissions by 2070 and aims to reach 500 GW of renewable energy by 2030.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..