Nuclear Leap: NTPC's Trillion-Rupee Power Play

NTPC plans to invest ₹3–4 lakh crore in nuclear power projects over the next 23 years, marking a significant shift in India’s energy sector. To facilitate private participation, the government has proposed amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act, attracting interest from global firms.

Russian firm Rosatom has offered expertise in developing small modular reactors, while French company EDF has also expressed interest.

The FY25 budget introduced a public-private partnership (PPP) model for atomic energy, enabling the development of Bharat Small Reactors (BSR). Following this, the Nuclear Power Corporation of India (NPCIL) issued a request for proposals for industries to set up 220 MW BSRs for private use, a process currently underway.

These reforms are expected to accelerate India's nuclear energy expansion by integrating private enterprises, potentially transforming the country’s power generation landscape.

News by Rahul Yelligetti.