India Unveils Ambitious Nuclear Energy Mission: 100 GW by 2047

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Researched by Industrial Info Resources (Sugar Land, Texas)--In a significant move to bolster its energy infrastructure, India has announced an ambitious plan to achieve 100 gigawatts (GW) of nuclear power capacity by 2047. To facilitate this expansion, the government intends to amend the Atomic Energy Act and the Civil Liability for Nuclear Damage Act, enabling active participation from private sector entities. A cornerstone of this initiative is the establishment of a Nuclear Energy Mission, focusing on the research and development of small modular reactors (SMRs).

The mission is allocated a budget of approximately US$2.4 billion, with the objective of operationalizing at least five indigenously developed SMRs by 2033. Currently, India's nuclear energy production stands at 8 GW, generated from 23 atomic power reactors nationwide, with plans to increase this capacity to 20 GW by 2032.

This strategic initiative underscores India's commitment to diversifying its energy mix and reducing reliance on fossil fuels. By embracing nuclear power, particularly through the development of SMRs, India aims to enhance energy security, support sustainable development, and contribute to global efforts in combating climate change. The involvement of private players is anticipated to bring in technological innovation and investment, accelerating the country's progress toward its energy goals.

Industrial Info is tracking more than $74 billion of active capital nuclear power projects in India. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).