India eyes Rs 7.5 lakh crore investment, 100 GW nuclear capacity by 2047
India plans to expand its nuclear power capacity to 100 gigawatts by 2047 to meet rising energy demands and improve energy security. The initiative involves opening the sector to private investment, which is expected to contribute 30 gigawatts and Rs 7.5 lakh crore in funding.
Why it matters
This shift represents a significant policy change in India's energy strategy, moving toward a diversified, low-carbon power mix while leveraging domestic thorium reserves.
India is looking to scale up its nuclear power capacity to 100 gigawatts (GW) by 2047, with the entry of private players expected to bring in Rs 7.5 lakh crore in investment and contribute 30 GW to the country's ambitious expansion target.The move marks a major push to expand nuclear energy as India seeks to meet rising electricity demand, strengthen energy security and diversify its power mix.According to news agency PTI, Atomic Energy Commission chairman A K Mohanty said the private sector could contribute 30 GW to the target, while the opening of the nuclear power sector to private players is expected to attract Rs 7.5 lakh crore in investment.He also said India holds 25 per cent of global thorium reserves, which could support the second and third stages of the country's nuclear power programme.India currently has an installed nuclear power capacity of 8.78 gigawatts (GW), generated by 24 reactors,…
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in