nuclear power
The Central government is charting out a plan to ramp up nuclear power production in a bid to increase renewable energy production and meet climate change goals. The government may include incentives for private players to set up nuclear power plants under the public-private partnership mode.
The policymakers’ focus is to augment the use of Small Modular Reactors (SMRs), which that are smaller and cost less.
SMRs are advanced nuclear reactors that have a power capacity of up to 300 MW(e) per unit, which is about one-third of a conventional nuclear power reactor.
The government of India’s policy think tank Niti Aayog is expected to start stakeholder consultants and invite private companies to set up SMRs, an Economic Times report added.
In a written reply to a question in the Lok Sabha last week, Union Minister of State for Science and Technology and Earth Sciences Jitendra Singh said in addition to the 11 nuclear reactors – with a capacity of 8700 MW – under construction, the government has accorded administrative approval and financial sanction for construction of 10 indigenous 700 MW pressurized heavy water reactors (PHWRs) to be set up in fleet mode.
The government has also accorded in-principle approval for five new sites for setting up nuclear power plants in the future, according to a statement from the department of atomic energy.
Currently, India produces 6,780 MW with 22 nuclear reactors, and the production is expected to reach 22,480 MW by 2031 with the addition of those under construction.
The Atomic Energy Act, of 1962 allows private companies to take part in nuclear energy projects as junior equity holders through the supply of components, equipment, and works contracts.
India aims to reduce carbon emissions by hand half or one billion tonnes by 2030 and become net zero by 2030—goals that require swift replacing fossil-fuel-based energy production with that from renewable energy sources.
Union Minister Dr. Singh earlier said India is in the fourth position globally after China, the EU, and the US in installed Renewable Energy capacity, and is taking steps to develop Small Modular Reactors (SMR) for a clean energy transition.
While addressing a workshop on SMR, organized by NITI Aayog and the Department of Atomic Energy last month, Singh said the participation of the private sector, including startups, needs to be explored for the development of this critical technology within India. He added that technology sharing and funds are the two crucial links for ensuring the commercial availability of SMR technology.
Introduction The global Epoxy Composites Market is poised for robust growth, expected to expand from…
Introduction The global Hydrotreating Catalyst Market is experiencing significant growth and is projected to reach…
Introduction The global Phosphates Market is poised for steady growth, with its size expected to…
Introduction The global Redispersible Polymer Powder Market is projected to experience significant growth over the…
Introduction The global Market for Copper Clad Laminates (CCL) is poised for substantial growth, with…
Introduction The global Cosmetic Emulsifier Market is anticipated to expand significantly from USD 712 Million…
Introduction The global Water Clarifiers Market is projected to expand from USD 7.4 Billion in…
Introduction The global Particle Board Market, valued at USD 24.2 Billion in 2023, is anticipated…
Introduction According to Market.us, The global Trenchless Pipe Rehabilitation Market is poised for significant expansion,…
Introduction The global Geohazard Market, focused on assessing and mitigating geological risks such as earthquakes,…
Introduction The Global Non-Alcoholic Tequila Market is poised for significant growth, anticipated to expand from…
Introduction The global Butyl Methacrylate (BMA) Market, with its broad scope of application across key…
Introduction The global Bio-Butanol Market is set for significant expansion, with projections suggesting growth from…
Introduction The global Hybrid Composites Market is poised for robust growth, projected to expand from…
Introduction The Polyhydroxyalkanoate (PHA) Market is poised for substantial growth over the next decade, driven…
Introduction The PMMA Recycling Market is poised for significant expansion from 2023 to 2033, with…
Introduction The Global Reflective Polarizing Films Market is poised for substantial growth, projected to expand…
Introduction The Mexico Biostimulants Market, valued at USD 48 Million in 2023, is projected to…
Introduction The global Nylon Market, valued at USD 34.3 Billion in 2023, is poised for…
Introduction The global Acrylic Acid Market, valued at approximately USD 13.5 Billion in 2023, is…