**India’s Energy Sector Pushes for Affordable Nuclear Power**
India’s leading energy companies are championing nuclear power as a key strategy to decarbonize the nation, which ranks as the world’s third-largest emitter of greenhouse gases. However, industry leaders emphasize that nuclear energy must be economically viable to effectively replace coal. Praveer Sinha, CEO of Tata Power Co., stated at the BNEF Summit in New Delhi, “Nuclear can’t just be a fashion statement. It needs to replace coal-based power as a source of affordable energy.”
Globally, nuclear power is experiencing a resurgence due to its potential for low-emission energy production. In India, the sector is gaining traction following government announcements earlier this year to revise regulations, allowing private companies to participate and addressing liability issues that have historically deterred foreign technology providers. Current legislation holds both plant operators and equipment suppliers accountable for damages in the event of an incident, which has contributed to the slow growth of the nuclear sector.
High costs, often exacerbated by public opposition and political concerns, have also hindered development. Sinha noted that planned expansions in India and other regions could create economies of scale that help reduce costs. Tata Power is eager to advance its nuclear initiatives.
Anil Parab, whole-time director at Larsen & Toubro Ltd., highlighted additional challenges, including the need for business continuity and a skilled workforce. He pointed out that even minor setbacks can delay nuclear projects by months and increase expenses, underscoring the importance of attracting talent to the industry.
Currently, India has 8.8 gigawatts of nuclear power generation, which constitutes less than 2% of the country’s total power capacity. The South Asian nation aims to reach 100 gigawatts of nuclear capacity by 2047, coinciding with the centenary of its independence. NTPC Ltd., the largest power producer and coal consumer in India, has set a goal to contribute 30% toward this nuclear target. The company is constructing its first nuclear power plant in a joint venture with the Nuclear Power Corporation of India in Rajasthan. The first of four planned 700-megawatt units is expected to be operational by 2031, with the entire facility projected to come online five years later, according to NTPC Chairman Gurdeep Singh.
As India moves forward with its nuclear ambitions, the focus will be on ensuring that this energy source is both sustainable and affordable, paving the way for a cleaner energy future.
**FAQ**
**What is India’s nuclear power generation target for 2047?**
India aims to achieve 100 gigawatts of nuclear power generation by 2047, marking the centenary of its independence.
