Latest news with #AtomicEnergyActof1962
India.com
31-05-2025
- Business
- India.com
India to build nuclear power plants in this state bordering Pakistan, government approves...
India to build nuclear power plants in this state bordering Pakistan, government approves… What comes as good news for Rajasthan, a state bordering Pakistan, is that a major nuclear project is going to start in the state. The mega project also got the green light from India's nuclear regulator to build four 700 MW capacity units of nuclear power reactors in Mahi Banswara. AERB Approved The Project After three levels of review, the Atomic Energy Regulatory Board (AERB) has approved the project site. These indigenously developed reactors will play a crucial role in meeting the country's energy needs. After approving the project, the AERB stated that the consent will be reviewed again if the conditions are not followed. The Mahi Banswara project is being implemented by Anushakti Vidyut Nigam. It is a joint venture of NPCIL and National Thermal Power Corporation (NTPC). These Companies To Build Nuclear Power Plants India's Nuclear Power Corporation of India Limited (NPCIL) and Bharatiya Nabhikiya Vidyut Nigam Limited (Bhavini) currently hold the authority to construct and manage nuclear power plants. A 2015 amendment to the Atomic Energy Act of 1962 enabled joint ventures between NPCIL and other public sector entities for this purpose. Meanwhile, ongoing genomic surveillance is monitoring for new COVID-19 variants. Current cases are reported as mild, and the public is advised to remain vigilant but not alarmed. It is worth noting that India is the world's fastest-growing economy and it requires a significant amount of electricity. To meet the electricity needs of high economic growth and the requirement of 1.3 billion people, the country needs to make and take action on big plans, on which work is also being done rapidly. Coal Is The Major Source Of Energy India primarily generates electricity from coal but is actively expanding its renewable energy sector, encompassing solar, wind, hydro, and biomass power. Nuclear power generation is also being developed. India's nuclear power generation capacity has significantly expanded over the past decade, nearly doubling from 4,780 MW in 2014 to 8,180 MW in 2024. Further growth is projected, with a threefold increase to 22,480 MW anticipated by 2031-32. Thorium Reserve Notably, India has an abundant reserve of thorium, which amounts to 21 percent of the global thorium. To make better use of the resource, indigenous projects such as Bhavani are being developed so that the dependency on importing uranium and other materials can be reduced. Currently, as many as nine atomic power projects are under construction, while several others are in the pipeline will start in the coming years.
Yahoo
03-04-2025
- Business
- Yahoo
NTPC seeks global partners to build 15GW nuclear reactors in India
India's state-run power producer NTPC (the National Thermal Power Corporation) has issued a tender seeking global partners to establish large nuclear reactors with a combined capacity of 15GW, as reported by Reuters. This is the first major tender following India's decision to open up its nuclear power sector to foreign and private investments. The tender stipulates that partners commit to a lifetime supply of nuclear fuel. India's Atomic Energy Act of 1962 prohibits private investments in nuclear power, but the country now plans to amend its nuclear liability law to encourage foreign and private sector participation. NTPC, which predominantly operates coal-fired plants, seeks collaborators to help set up nuclear power plants based on pressurised water reactor technology. Prospective partners must have clearance from relevant authorities in their country and comply with Indian regulations, including acquiring the necessary technology licences. The Nuclear Power Corp of India is currently the sole operator of the country's nearly 8GW nuclear capacity, with ambitions to expand to 20GW by 2032 and at least 100GW by 2047. NTPC has set a target to build 30GW of capacity up to 2034 at an estimated cost of $62bn, as reported by Reuters. In the financial year 2024/25 (FY24/25), NTPC achieved a 3.88% increase in total power generation compared to the previous year, with the NTPC Group generating 438.6 billion units (BU) in FY25, surpassing the 422.2 BU generated in FY24. During FY25, NTPC Group expanded its installed capacity by 3.97GW, reaching 80GW by the end of the year. With an additional 32GW capacity under construction, including 15GW of renewable capacity, the company is on track to achieve 60GW of renewable energy capacity by 2032. NTPC has diversified into new business areas such as e-mobility, battery storage, pumped hydro storage, waste-to-energy, nuclear and green hydrogen solutions. The company is also participating in the power distribution bidding for Union Territories. In February 2025, NTPC announced plans to invest more than $23bn in renewable energy projects in Madhya Pradesh, India. "NTPC seeks global partners to build 15GW nuclear reactors in India " was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
India's NTPC seeks global partners to build 15 GW nuclear reactors
By Sethuraman N R (Reuters) - NTPC, India's top power producer, is seeking global partners to build large nuclear reactors with about 15 gigawatts (GW) combined capacity, according to a tender, the first major one since the country moved to open up its much-guarded sector. The state-run company, which mainly runs coal-fired plants, is looking for partners to help set up pressurized water reactor technology-based nuclear power plants and also commit to a lifetime supply of nuclear fuel, the tender said. The partner should have clearance from concerned authorities in their country of origin as well as comply with Indian policies, including having or getting a license for the offered technology, NTPC said in the tender published last week. India's Atomic Energy Act of 1962 currently bars private investments in nuclear power plants, while stringent liabilities under the Civil Liability for Nuclear Damage Act 2010 deter foreign firms such as GE and Westinghouse. However, in early February, India said it would amend its nuclear liability law to boost foreign and private investments. Currently, state-run Nuclear Power Corp of India is the sole operator of the country's nearly 8 GW capacity, with the aim to increase to 20 GW by 2032. India is aiming to hit at least 100 GW of nuclear capacity by 2047. NTPC is looking to build 30 GW of capacity over the next two decades at a cost of $62 billion, Reuters reported in February. Sign in to access your portfolio
Reuters
02-04-2025
- Business
- Reuters
India's NTPC seeks global partners to build 15 GW nuclear reactors
April 2 (Reuters) - NTPC ( opens new tab, India's top power producer, is seeking global partners to build large nuclear reactors with about 15 gigawatts (GW) combined capacity, according to a tender, the first major one since the country moved to open up its much-guarded sector. The state-run company, which mainly runs coal-fired plants, is looking for partners to help set up pressurized water reactor technology-based nuclear power plants and also commit to a lifetime supply of nuclear fuel, the tender said. The partner should have clearance from concerned authorities in their country of origin as well as comply with Indian policies, including having or getting a license for the offered technology, NTPC said in the tender published last week. India's Atomic Energy Act of 1962 currently bars private investments in nuclear power plants, while stringent liabilities under the Civil Liability for Nuclear Damage Act 2010 deter foreign firms such as GE (GE.N), opens new tab and Westinghouse (WAB.N), opens new tab. However, in early February, India said it would amend its nuclear liability law to boost foreign and private investments. Currently, state-run Nuclear Power Corp of India is the sole operator of the country's nearly 8 GW capacity, with the aim to increase to 20 GW by 2032. India is aiming to hit at least 100 GW of nuclear capacity by 2047. NTPC is looking to build 30 GW of capacity over the next two decades at a cost of $62 billion, Reuters reported in February.
Yahoo
17-02-2025
- Business
- Yahoo
Exclusive-India's NTPC plans to spend $62 billion on 30 GW of nuclear power, sources say
By Sarita Chaganti Singh and Krishna N. Das NEW DELHI (Reuters) - Indian state power company NTPC is looking to build 30 gigawatts (GW) of nuclear power capacity over the next two decades, three times more than expected, at a cost of $62 billion, three sources said. The country's top power producer, which mainly runs coal-fired plants, is seeking land for its ambitious plan in a country where local resistance to such projects is high, said the sources, who have direct knowledge of the matter. NTPC was targeting 10 GW of nuclear capacity but tripled the goal after the government this month announced plans to open up the sector to foreign and private investment, the sources said. "NTPC plans to lead India's nuclear power plan just as it did in sector," one of the sources said. "The identified sites are promising and hold potential for large capacity addition." An NTPC spokesperson did not respond to a request for comment. India has committed to setting up 500 GW of non-fossil fuel electricity generation capacity by 2030 and wants to have at least 100 GW of nuclear capacity by 2047. State-run Nuclear Power Corp of India is currently the sole operator of the country's nearly 8 GW capacity, aiming for an increase to 20 GW by 2032. NTPC is already building two 2.6 GW plants with Nuclear Power, one in Madhya Pradesh and one in Rajasthan. It is also in the process of seeking early approvals for land in eight states for detailed studies in 27 locations, said the sources, after public resistance and acquisition issues have hobbled the country's atomic energy ambitions. The states include Prime Minister Narendra Modi's native Gujarat in the west, Uttar Pradesh in the north, central India's Madhya Pradesh and Andhra Pradesh and Tamil Nadu in the south. LAW CHANGES The sources said the locations could be enough to set up capacity of at least 50 GW. Private Indian utilities and conglomerates such as Tata Power, Vedanta, Reliance Industries and Adani Power have expressed their interest in nuclear power, Reuters has reported. NTPC's newly created unit NTPC Parmanu Urja Nigam is likely to make the investments in the sector, including through partnerships, the sources said. A company executive told Reuters last week that NTPC was in talks about the construction of small nuclear reactors with foreign firms, including from Russia and the United States. The sources said potential partners include France's EDF, and General Electric and Holtec International from the U.S.. EDF said it was prepared to collaborate with Indian industrial partners to develop a small modular reactor project. General Electric and Holtec did not immediately respond to requests for comment. Modi, during visits to France and the U.S. last week, said the government would work with both countries to develop India's nuclear industry. The Atomic Energy Act of 1962 currently bars private investments in nuclear power plants, while stringent liabilities under the Civil Liability for Nuclear Damage Act, 2010, deter foreign fuel and equipment suppliers such as GE and Westinghouse from signing deals. Indian Finance Minister Nirmala Sitharaman has proposed amending the two Acts, and promised 200 billion rupees ($2.30 billion) for the research and development of SMRs, at least five of which will be operational by 2033. ($1 = 86.8360 Indian rupees)
