India set to allow its private firms to mine and import uranium to help nuclear expansion
Prime Minister
Narendra Modi
's government plans to expand
nuclear power production
capacity by 12 times by 2047 and it is also relaxing requirements to allow foreign players to take a minority stake in power plants, Reuters reported in April.
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If it meets its expansion goal, nuclear will provide 5% of India's total power needs, according to government estimates.
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Until now, the state has maintained control over the mining, import and processing of uranium fuel because of concerns over the possible misuse of nuclear material, radiation safety and strategic security.
It will retain its grip on reprocessing spent uranium fuel and managing plutonium waste, in line with global practice.
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But to help meet a surge in demand for nuclear fuel as it expands nuclear power production, the government plans to draw up a regulatory framework that would allow private Indian firms to mine, import and process uranium, the two government sources told Reuters.
They asked not to be named because the plans are not yet public.
The proposed policy, which the sources said was likely to be made public in the current fiscal year, will also permit private players to supply critical control system equipment for nuclear power plants, they said.
The Finance Ministry, Department of Atomic Energy and Prime Minister's Office did not respond to Reuters' requests for comment.
Outside India, countries including Canada, South Africa and the United States allow private firms to mine and process uranium.
Domestic supply is not enough
India has an estimated 76,000 tonnes of uranium enough to fuel 10,000 megawatts of nuclear power for 30 years, according to government data.
But the sources said domestic resources would only be able to meet about 25% of the projected increase. The rest would have to be imported and India would need to increase its processing capacity.
In announcing its budget on February 1, the government made public its plans to open up the sector without giving details.
Some of India's big conglomerates subsequently began drawing up investment plans.
But analysts said amending the legislation could be complex.
"It's a major and bold initiative by the Indian Government which is critical for achieving the target," said Charudatta Palekar, independent power sector consultant.
"The challenge will be to define quickly the rules of engagement with private sector."
New Delhi will have to change five laws, including the ones regulating mining and electricity sectors and India's foreign direct investment policy to enable private participation in many identified activities, the sources said.
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But once the E1 settlement project is completed, it will destroy the possibility of a direct route and will force Palestinians traveling between cities to continue taking a wide detour several kilometers (miles) out of their way, passing through multiple checkpoints, a process that adds hours to the journey. — Development in E1 was long frozen, largely due to U.S. pressure during previous administrations. On Thursday, Smotrich praised President Donald Trump and U.S. ambassador to Israel Mike Huckabee as 'true friends of Israel as we have never had before.' — The E1 plan is expected to receive final approval on Aug. 20, capping off 20 years of bureaucratic wrangling. The planning committee on Aug. 6 rejected all of the petitions to stop the construction filed by rights groups and activists, according to Peace Now, which tracks settlement expansion in the West Bank and filed opposition. Other Important Articles Covering the same topic: 📍How Israel's Gaza war has thrown future of IMEC up in the air 📍Conflicts in West Asia: A brief history of the Israel-Palestine conflict UPSC Prelims Question Covering similar theme: (3) The term 'two-state solution' is sometimes mentioned in the news in the context of the affairs of (2018) (a) China (b) Israel (c) Iraq (d) Yemen UPSC Mains Question Covering similar theme: 📍'India's relations with Israel have, of late, acquired a depth and diversity, which cannot be rolled back.' Discuss (2018) Syllabus: Preliminary Examination: Current events of national and international importance Mains Examination: General Studies-III: Infrastructure: Energy, Ports, Roads, Airports, Railways etc. What's the ongoing story: A day before the 79th Independence day, the Shipping Ministry inducted Sahyadri, a very large gas carrier (VLGC), which will transport LPG between the Persian Gulf and India, securing a vital energy lifeline. 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It is after a gap of eight years that an Indian public sector unit has acquired a VLGC. — The hoisting was carried out atop the vessel at Hamad port in Qatar on Thursday in the presence of the Indian crew of the ship, who were there to take charge of it. — Officials said the acquisition is a step towards building a self-reliant, globally competitive shipping sector and reducing dependence on foreign tonnage for strategic cargo. — Sahyadri meets stringent international safety and environmental standards, said a ministry note. — 'The South Korea built 225-metre-long, 36-metre-wide carrier can transport up to 82,000 cubic metres of LPG. The induction raises SCI's deadweight tonnage to 5.2 million and its owned fleet to 57 vessels, including crude and product tankers, bulk carriers, container ships, gas carriers and offshore vessels,' it said. — The acquisition is the first under a July agreement to purchase two VLGCs of the same capacity. 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