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India Opens Nuclear Doors: Adani Leads Private Charge
19 Dec
Summary
- Adani Group in talks for 1,600 MW nuclear capacity with SMRs.
- India's parliament greenlights nuclear sector for $214 billion investment.
- Uttar Pradesh government partners with Adani for nuclear project.
Gautam Adani's conglomerate is reportedly in advanced discussions with the Uttar Pradesh government to develop a significant commercial nuclear energy project. The plan involves building eight 200-megawatt small modular reactors (SMRs), which would provide approximately 1,600 MW of nuclear capacity and bolster Adani's renewable energy portfolio. This venture signifies a major step for the Adani Group into a sector India is actively opening to private enterprise.
The Indian government is committed to diversifying its energy mix and reducing fossil fuel dependency, especially with the escalating electricity demand from data centers and AI. Parliament recently approved opening the nuclear industry, unlocking potential investments valued at $214 billion and signaling a shift from decades of stringent regulations. The federal government has also allocated 200 billion rupees for SMR research and development.
This public-private partnership is expected to involve the state-run Nuclear Power Corporation of India Ltd. operating the plant for Adani, with the Bhabha Atomic Research Centre assisting in SMR design. While the project's timeline is estimated at five to six years post-approval, it positions India to achieve its goal of 100 gigawatts of nuclear power by 2047.
