Deliberations Continue on Proposed Nuclear Bill to Allow Private Sector Participation
The Indian government is working on legislation to amend the Atomic Energy Act and the Civil Liability for Nuclear Damage Act (2010). The goal is to allow private sector entities to build and operate nuclear power plants, a role currently restricted to three PSUs. This move aims to achieve 100 GW of nuclear capacity by 2047. Challenges include settling issues regarding radioactive waste disposal and liability in case of accidents. The plan involves private entities providing land and capital, while the Nuclear Power Corporation of India Ltd. (NPCIL) handles design, quality assurance, and operations.
Key Points
- The government intends to allow private and foreign companies to form partnerships for nuclear power generation in India.
- Current laws impose 'practically unlimited liability' on suppliers, which has been a major hurdle for private investment.
- Nuclear energy is seen as crucial for India's goal of achieving 500 GW of non-fossil fuel energy by 2030.
- The proposed model involves private capital with NPCIL maintaining operational and safety oversight.
Exam Facts
- Target: 100 GW of nuclear capacity by 2047.
- Existing PSUs: NPCIL, BHAVINI, and ASHVINI.
- Civil Liability for Nuclear Damage Act was passed in 2010.
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