Home / Business and Economy / India's Nuclear Ambition: Avoid Single Supplier Trap
India's Nuclear Ambition: Avoid Single Supplier Trap
17 May
Summary
- NTPC aims for 30 GW nuclear capacity by 2047.
- India urged to avoid over-dependence on nuclear tech suppliers.
- New SHANTI Act enables private companies in nuclear sector.
India's largest power producer, NTPC, has announced its ambitious goal to establish 30 GW of nuclear capacity by the year 2047. To achieve this target, the company is actively identifying potential sites across 14 different states within the country. The focus will be on large-capacity reactor sets to meet the significant energy demands.
Meanwhile, an industry executive has issued a critical warning regarding India's pursuit of a 100 GW nuclear power plan. The caution advises against becoming overly dependent on any single supplier or nation for nuclear technology. Prioritizing control over technology and resources is recommended, even if initial domestic solutions prove 5-10% more expensive, to mitigate global supply chain vulnerabilities.
This push for expansion and technological independence is facilitated by the recent enactment of the SHANTI Act. This new legislation repeals previous acts that acted as barriers to the civil nuclear sector's development. The SHANTI Act now enables private companies and joint ventures to engage in the construction, ownership, operation, and decommissioning of nuclear power plants under government licensing.
