Nuclear Power

Private sector may invest ₹7.5 trillion in nuke sector, add 30 GW by 2047

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

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