Union Minister Dr Jitendra Singh emphasised the critical role of nuclear energy in India’s push for Net Zero emissions during a post-budget webinar organised by NITI Aayog. Highlighting the Union Budget 2024-25’s vision, he outlined the goal of achieving 100 GW of nuclear power capacity by 2047, stressing the importance of private sector participation, regulatory reforms, and public engagement. 

With India’s electricity demand expected to rise four to five times by 2047, Dr Singh pointed out that renewable sources alone cannot meet the base-load demand, making nuclear power essential. Achieving the 100 GW target would require adding 4 GW annually, a goal he believes is achievable with proper planning and execution. 

A significant policy shift involves the proposed involvement of private players in designing, building, and operating nuclear plants, which would require legislative amendments to the Atomic Energy Act, Civil Liability for Nuclear Damage Act, and Electricity Act. This move aims to boost investor confidence and encourage long-term investments. 

Dr Singh noted that NPCIL and its subsidiaries are expected to contribute nearly half of the 100 GW target, with NTPC’s joint venture, Ashwini, already leading efforts to build four 700 MWe PHWRs at Mahi-Banswara. He also announced the launch of a Small Modular Reactor (SMR) R&D mission, aiming to develop five SMRs by 2033, which could be deployed in industrial zones and hard-to-abate sectors. 

He praised the paradigm shift in India’s nuclear policy under Prime Minister Narendra Modi’s leadership, noting the growing global acceptance of India’s responsible and transparent nuclear energy program. Dr Singh also called for a nationwide awareness campaign to dispel misconceptions and highlight nuclear power’s safety and sustainability. 

Despite challenges, Dr Singh expressed confidence that the 100 GW target by 2047 is both ambitious and achievable, with efforts already underway to formulate a comprehensive roadmap in collaboration with stakeholders. 

(PIB)