India should cut nuclear project timelines, secure long-term fuel uranium supplies and expand its reprocessing capacity, a government-appointed panel said in its report, which was reviewed by Reuters.
India is relaxing rules to end a decades-old state monopoly and a stringent liability provision to free up private participation and attract foreign suppliers of technology in the nuclear power sector. The country targets 100 gigawatts of nuclear capacity by 2047 against the current 8.88 GW.
The panel, formed by the Ministry of Power, said the average time from site approval to nuclear reactor commissioning -currently 11 to 12 years - must be reduced through faster land acquisition and regulatory clearances.
It has recommended using existing sites and retiring thermal plant locations for new nuclear projects.
India should boost domestic uranium mining, acquire mines abroad, open up uranium sourcing and fuel fabrication to private companies and stockpile fuel for reactor lifespans of up to 60 years, the panel said.
It also backed reprocessing of spent fuel, with the process being handled by a government entity.
While India plans to continue using its homegrown nuclear reactor design for most new plants, the committee has recommended that the country also start using newer, more advanced reactors from abroad.
The committee has suggested the government rework the nuclear insurance pool to ensure 15 billion rupees ($169 million) coverage per incident per operator, rather than the current caps on total annual liability across all installations.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
)