Key Points
India will invite private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don't produce carbon dioxide emissions, two government sources said...
This is the first time New Delhi is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less than 2% of India's total electricity generation..
The federal Department of Atomic Energy and state-run Nuclear Power Corp of India Ltd (NPCIL) have held multiple rounds of discussions with the private companies in the past year on the investment plan, the sources said..
With the investment, the government hopes to build 11,000 megawatts (MW) of new nuclear power generation capacity by 2040, said the sources, who did not want to be identified as the plan is still being finalised...
The government is in talks with at least five private firms, including Reliance Industries, Tata Power, Adani Power and Vedanta Ltd, to invest around Rs 44,000 crore each, sources said With the investment, the government hopes to build 11,000 MW of new nuclear power generation capacity by 2040.
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