India Moves to Open Nuclear Sector to Private Firms
On Wednesday, the lower house of parliament approved the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill. The initiative aims to increase the country’s atomic energy output to 100 gigawatts (GW) by 2047.
“The world is moving towards clean energy,” federal minister Jitendra Singh stated to lawmakers. “We too have set a target of 100 GW of nuclear energy capacity by 2047.”
Under the new law, private firms would be granted licenses to run nuclear power facilities. It also removes a previously disputed liability clause for suppliers of fuel and technology, while streamlining compensation obligations for operators in the event of accidents, according to a media outlet.
Earlier liability regulations were viewed as obstacles to importing nuclear technology and equipment from overseas suppliers.
The legislation proposes repealing two existing statutes – the Atomic Energy Act, 1962 and the Civil Liability for Nuclear Damage Act, 2010.
This move aligns with New Delhi’s broader energy ambitions, which include establishing 500 GW of electricity generation from non-fossil fuel sources by 2030 and reaching a minimum of 100 GW of nuclear capacity by 2047.
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