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India's private sector is expected to invest around Rs 7.5 lakh crore and contribute 30 GW to the country's ambitious target of achieving 100 GW of nuclear power capacity by 2047, Atomic Energy Commission Chairman Ajit Kumar Mohanty said. The country currently has about 9 GW of installed nuclear power capacity and plans to expand it substantially by 2047, he said. "Public sector undertaking Nuclear Power Corporation of India Ltd (NPCIL) currently operates 24 reactors. We think private players should also enter the nuclear business and that is why new legislation was enacted," Mohanty, who is also the secretary of the Department of Atomic Energy, told PTI in an exclusive interview. "Five years from now, I expect a couple of private sector players to run reactors. We think that about 30 GW should come from them by 2047. It costs around Rs 25 crore to generate 1 MW," he added. Mohanty, who was in Ranchi to attend the 36th convocation of Birla Institute of Technology, Mesra, said India
Tata Consulting Engineers (TCE), which has been associated with the country's nuclear programme for over five decades, feels it is time for the Department of Atomic Energy (DAE) to focus on strategic objectives and work more with the private sector on the energy front, according to a top company official. The city-headquartered DAE should take some inspiration from its state-run space counterpart Indian Space Research Organisation (ISRO), which has helped accelerate the pace of growth for the private sector, TCE's managing director and chief executive Amit Sharma said. "DAE was formed for national strategic objectives, not to produce electricity... It should retain that core identity and let the private sector completely work on nuclear (energy)," Sharma told PTI. Facilities like labs at Mumbai's Bhabha Atomic Research Centre (BARC) should be made available to the private sector for testing their concepts, Sharma said, adding that other countries, including China, the US and South .