Budget 2025: All for Nuclear Energy Private Limited
nuclear energy in India received a much-needed boost with the budget paving the way for greater private participation by proposing changes in the Atomic Energy Act and the Civil Liability for Nuclear Damage Act to remove the hurdles.
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The government said adding atleast 100GW capacity by 2047 was essential, increasing multi-fold from the current 8GW. «For an active partnership with the private sector towards this goal, amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act will be tak en up,» finance minister Nirmala Sitharaman said in her budget speech. The move will attract private as well as public sector funding, a nuclear industry executive said, requesting anonymity.
The new technology of small modular reactors (SMRs), considered a gamechanger for hard-to-abate sectors, will get asupport of `20,000 crore for research and development. The Nuclear Energy Mission will see at least five indigenously developed SMRs by 2033. “It shows a clear policy shift towards nuclear power in the long term for meeting base load as an alternative to fossil fuel-based thermal sources,” said Anujesh Dwivedi, partner, Deloitte India. The move comes weeks after the US removed restrictions on three leading Indian nuclear entities including Bhabha Atomic Research Centre.
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