As India expands its nuclear power capacity, Reliance, Tata Power, Adani Power, Vedanta are at the forefront

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Also Read: Best renewable energy stock: KP Energy vs Inox Wind The installed electricity generating capacity in the country at present is 417 GW, comprising 179 GW from non-fossil fuel sources, which is about 43% of the total installed electricity generating capacity, according to the Ministry of Power. The country has set an ambitious goal of installing 500 GW of non-fossil fuel capacity by 2030, achieving net-zero emissions by 2070, and meeting 50% of its electricity needs from renewable energy sources by 2030, marking a momentous milestone in the global effort against climate change. Currently, the country holds the 4th position globally for installed renewable energy capacity, including large hydro.

It ranks fourth in both wind power capacity and solar power capacity. Also Read: Climate action: Our energy transition need not follow preset pathways However, the generation of power from nuclear energy, another renewable source, remains low compared to other renewable sources in the country. Nonetheless, steps have been initiated to increase nuclear power capacity to fulfil the goal of achieving a 50% energy mix from non-fossil fuels.

Nuclear power is a clean and environmentally friendly source of base-load electricity generation, available round the clock. Nuclear power plants in the country have generated over 833 billion units of clean electricity, resulting in the saving of approximately 716 million tons of carbon dioxide equivalent emissions, as per the Nuclear Power Corporation of India. India was among the pioneers in adopting nuclear energy.