India Opens Nuclear Sector to Private Firms
“The world is moving towards clean energy,” federal minister Jitendra Singh told lawmakers. “We too have set a target of 100 GW of nuclear energy capacity by 2047.”
The law introduces provisions for private companies to obtain licenses to operate nuclear power plants. It also eliminates a controversial liability clause for suppliers of fuel and technology, while streamlining compensation mechanisms for operators in the event of accidents, according to a media outlet.
Previous liability rules were seen as obstacles to importing nuclear technology and equipment from foreign suppliers. The new legislation seeks to repeal two older laws – the Atomic Energy Act of 1962 and the Civil Liability for Nuclear Damage Act of 2010.
This initiative aligns with India’s broader energy objectives, which include establishing 500 GW of non-fossil fuel electricity generation capacity by 2030 and achieving at least 100 GW of nuclear capacity by 2047.
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