India must accelerate the execution of nuclear power projects to meet rising energy demands and its net-zero commitments, an advisory committee to the country’s Power Ministry has stated, as reported by Reuters.
The advisory committee emphasised the need for awareness about the safety of nuclear energy, building a robust vendor list and introducing tax concessions for competitive nuclear tariffs.
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India needs to implement tax breaks, secure sustained funding to provide competitive pricing for nuclear energy and establish varied uranium fuel supply chains to accelerate the completion of nuclear projects, the country’s Power Minister Manohar Lal told the committee in a meeting held on Monday 28 April 2025.
In early February, India announced plans to increase its nuclear capacity to at least 100GW by 2047 – a significant rise from the current 9GW.
The proposed amendment to the nuclear liability law is aimed at boosting foreign and private investments in the sector. The country’s Atomic Energy Act of 1962 prohibits private investments in nuclear power.
India’s strategy now includes potentially allowing private Indian companies to construct nuclear plants and permitting foreign companies to take stakes of up to 49% in nuclear projects.
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By GlobalDataThe country’s reliance on coal for three-quarters of its electricity generation is a driving force behind the shift towards cleaner energy sources.
With 25 operational nuclear reactors contributing 3% to India’s electricity generation, the government is looking to expand this share.
Currently, eight reactors with a combined capacity of 6.6GW are under construction, and ten more with a total capacity of 7GW are in pre-project stages.
India’s state-run power producer, the National Thermal Power Corporation, recently issued a tender seeking global partners to establish large nuclear reactors with a combined capacity of 15GW.
The tender mandates that partners commit to a lifetime supply of nuclear fuel.
