"The landmark atomic energy act marks a major shift for New Delhi as it moves towards increased nuclear energy and reduced dependence on fossil fuels in order to meet climate targets. India is seeking to boost its nuclear power capacity tenfold to 100 gigawatts by 2047, which is enough to power nearly 60 million Indian homes a year and essential to achieving carbon neutrality by 2070."
"Reaching this target requires around 20 trillion Indian rupees ($226 billion/ 193 billion) in investment that the new legislation aims to unlock from private sources. Indian Prime Minister Narendra Modi said it "marks a transformational moment for our technology landscape" and also opens "numerous opportunities" for the private sector. Major Indian conglomerates including Tata Power, Adani Power, and Reliance Industries, have already signaled their interest in entering the country's tightly-controlled civil nuclear power sector."
Parliament approved legislation opening civil nuclear power to private and foreign companies to accelerate expansion and cut fossil fuel dependence. The government aims to increase nuclear capacity to 100 gigawatts by 2047, enough for nearly 60 million homes and essential for carbon neutrality by 2070. Achieving the target requires about 20 trillion rupees in investment that the law seeks to unlock from private sources. Major conglomerates have signaled interest, and the change is expected to enable international partnerships. Concerns remain about liability, regulatory oversight, safety standards, licensing timelines, fuel safeguards, financing, and regulatory capacity.
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