Nuclear power production is the next plan on India’s clean energy production list. India has been trying its best to meet the climate change targets, focusing mainly on supplementing the country's renewable energy. The policy interventions regarding the project could include incentives, making its prime focus to set up a public-private partnership mode, encouraging the private sector for setting up nuclear power plants.
Nuclear power is considered to be a cleaner form of energy as it has near-zero emissions. India is focusing on providing clean baseload power, which will reduce dependence on coal imports. Coal for a long time has been the traditional source of energy due to which India’s dependency on it was increased. The main focus of the decision for the nuclear power plant was based on the commitment to reduce its carbon emission to half by 2030 and to net zero by 2070. India in 2020 was the third largest emitter of carbon dioxide by volume, although in comparison to the world it's per capita emission was lower.
During an interview with ET, a senior government official told that the Niti Aayog will put the plan in motion shortly. They will start with stockholders' consultations and then drive a policy. The main focus of the policy will be to invite the private sector to set up these small nuclear power plants. So far India has already formed an agreement to purchase Uranium from Canada, Kazakhstan, Russia, and Uzbekistan.
Niti Aayog Plan In Motion
The blueprint for the nuclear power plant will be outlined by Niti Aayog. They are planning to regulate a framework with strict safety requirements as well as monitoring systems. Focusing on getting the best results and effects on the local population.
22 reactors are currently under India’s operation, providing a total of 6,780 MW. By 2031, we will see an increase in the numbers making it 22,480 MW, after those under execution or accorded administrative are approved and financially sanctioned.
According to data, SMRs make up one-third of standard nuclear power reactors, having a power capacity of 300 MW(e) per unit. So the main limelight will be focused on small (SMRs), as they require less space at capital costs, in contrast to traditional nuclear power plants. The period they require to build is only five years and also the land they require is the lowest in terms of source generation.
A CSR Initiative of
Designed and Executed by
Implemented by
Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
