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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.
Time of India
28-05-2025
- Business
- Time of India
AERB okays Mahi Banswara site to build 4 N-power plants
1 2 3 New Delhi: India's nuclear regulator has approved a proposal to build four 700MWe units of atomic power reactors at Mahi Banswara in Rajasthan. The Atomic Energy Regulatory Board (AERB) granted the approval to the project site after a three-tier review subject to satisfactory compliance with the stipulations and conditions. The Nuclear Power Corporation of India Limited (NPCIL) applied to the AERB seeking consent for the Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) site to build four indigenously developed pressurised heavy water reactor (PHWR) of 700 MWe capacity. "Consent is hereby granted for siting of MBRAPP 1 to 4, subject to satisfactory compliance to the stipulations and conditions specified in Annexure 1," the AERB said. "The Consent will be subjected to re-review for any non-compliance to the stipulations and conditions. The Consent shall not be transferable without the prior approval of the Competent Authority," the nuclear regulator said. The Mahi Banswara project is being implemented by Anushakti Vidyut Nigam, a joint venture between NPCIL and National Thermal Power Corporation (NTPC).
Time of India
28-05-2025
- Business
- Time of India
AERB approves Mahi Banswara site in Rajasthan to build four 700 MWe nuclear power plants
India's nuclear regulator has approved a proposal to build four 700MWe units of atomic power reactors at Mahi Banswara in Rajasthan. The Atomic Energy Regulatory Board (AERB) granted the approval to the project site after a three-tier review subject to satisfactory compliance with the stipulations and conditions. The Nuclear Power Corporation of India Limited (NPCIL) applied to the AERB seeking consent for the Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) site to build four indigenously developed Pressurised Heavy Water Reactor (PHWR) of 700 MWe capacity. "Consent is hereby granted for Siting of MBRAPP 1 to 4, subject to satisfactory compliance to the stipulations and conditions specified in Annexure 1," the AERB said. "The Consent will be subjected to re-review for any non-compliance to the stipulations and conditions. The Consent shall not be transferable without the prior approval of the Competent Authority," the nuclear regulator said. The Mahi Banswara project is being implemented by Anushakti Vidyut Nigam , a joint venture between NPCIL and National Thermal Power Corporation (NTPC). At present, NPCIL and Bharatiya Nabhikiya Vidyut Nigam Limited (Bhavini) are allowed to build and operate nuclear power plants. An amendment to the Atomic Energy Act-1962 in 2015 paved the way for joint ventures between NPCIL and other public sector companies to build nuclear power plants. The MBRAPP units are among ten 700 MWe PHWRs that the government plans to build under the fleet mode approach, approval for which was granted in 2017. Besides Mahi Banswara, the fleet mode nuclear plants will come up at Kaiga NPP (two units), Gorakhpur-Haryana (two units) and Chutka-Madhya Pradesh (two units).
Time of India
24-04-2025
- Business
- Time of India
Customised insurance in works for nuclear plants
India has started working on a specific insurance product for nuclear power plants as it looks to sharply expand commercial production of nuclear energy to 100 GW by 2047 from 8 GW currently. Such a product is critical to the government's decision to open the nuclear energy sector to private investment while covering nuclear incident risks. A dedicated team of experts under the guidance of stakeholder ministries have initiated talks with insurance companies and sector regulator Atomic Energy Regulatory Board for designing the product, a senior government official, aware of the deliberations, told ET. "Design of the insurance cover would be a key element for the development of the sector," the official said, adding the details are being worked out. The discussions are at a preliminary stage, he said, though noting that the new product is likely to prescribe a higher amount of operator's liability. It is also expected insurers could be allowed greater inspection access to nuclear power plants, the official said. The discussions are running parallel to those on changes to the Atomic Energy Act and Civil Liability for Nuclear Damage Act . Robust insurance and risk management framework would be a key pillar of the proposed changes to the Civil Liability for Nuclear Damage Act. Finance minister Nirmala Sitharaman announced in her February budget speech that the two Acts would be amended to allow entry of private sector into nuclear energy. The Centre had in 2015 set up the India Nuclear Insurance Pool (INIP) with General Insurance Corporation of India (GIC-re), and several other local insurers with a capacity of ₹1,500 crore to provide insurance to cover the liability under Civil Liability for Nuclear Damage (CLND) Act 2010, both for operators as well as suppliers. A retired official of an insurance company said there is a need to relook the existing insurance pool (INIP) as it had failed to take off because of truncated coverage. "There were issues with accessibility to nuclear plants also, which needs to be addressed to firm up a comprehensive insurance cover for the sector," the official said.
