India's Nuclear power capacity expected to reach 10080 MW by 2018-19

Image
Capital Market
Last Updated : Jul 22 2015 | 6:28 PM IST

Progressive completion of projects presently under commissioning/construction to help nuclear power capacity augmentation

The nuclear power capacity is expected to reach 10080 MW on progressive completion of projects presently under commissioning/ construction by the year 2018-19. The Government has accorded financial sanction for two more projects namely Gorakhpur Haryana Anu Vidyut Pariyojana (GHAVP) Units 1&2 (2x700 MW) and Kudankulam Nuclear Power Projects (KKNPP) Units - 3&4 (2X1000 MW) with a total capacity of 3400 MW. These are being readied for start of construction in the current year. Another 2X700 MW project is also planned to be taken up in the near future.

On progressive completion of these projects, the target is expected to be achieved by the year 2024. The Government, in July 2014, had announced tripling of the then existing capacity of 4780 MW in the next ten years, that is by the year 2024. A capacity of 1000 MW has already been added with the start of commercial operation of Kudankulam Nuclear Power Project Unit-1 (KKNPP 1) in December, 2014.

M/s General Insurance Corporation of India (GIC-Re) have on 12 June 2015 launched Indian Nuclear Insurance Pool (INIP) with the capacity of Rs 1500 crore to provide insurance to cover the liability as prescribed under Civil Liability for Nuclear Damage Act 2010.

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 22 2015 | 5:47 PM IST

Next Story