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ARTICLE · 02 APRIL 2024

Foreign Investment In Nuclear Energy In India

S&R Associates
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Nations across the globe have announced their net zero targets and other climate action commitments. Each country is pursuing its own pathway to achieve the net zero goal considering the resources...

IndiaGovernment, Public Sector
Rajat Sethi
Rajat Sethi
Lakshmi Pradeep
Lakshmi Pradeep

Foreign Investment in Nuclear Energy in India

Nations across the globe have announced their net zero targets and other climate action commitments. Each country is pursuing its own pathway to achieve the net zero goal considering the resources available to it.

In this background, in December 2023, the Government of India announced that it has initiated steps to increase the nuclear power capacity of India from 7,480 MW to 22,480 MW by 2032. The press release also mentioned that construction and commission of ten reactors aggregating 8,000 MW is underway in the states of Gujarat, Rajasthan, Tamil Nadu, Haryana, Karnataka and Madhya Pradesh. In addition, pre-project activities in respect of ten reactors accorded sanction by the Government has been initiated which are scheduled for completion by 2032.

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