India's Nuclear Power Breaks State Monopoly, Private Enterprises to Participate in Nuclear Power Production
2026-03-02 18:32
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Recently, Ajit Kumar Mohanty, Chairman of the Atomic Energy Commission (AEC) of India, announced that India will allow private enterprises to participate in nuclear power production, and safety standards and relevant regulations are currently being formulated. Its core legislation—the Sustainable Harnessing and Advancing Nuclear Technology for India (SHANTI) Act—was approved by the Union Cabinet in December 2025. This act permits private capital and foreign investment (up to 49%) to enter the nuclear power sector, which signifies that the long-standing situation where India's nuclear power industry was operated solely by the government and public sector is now being broken.

India's Nuclear Power Breaks State Monopoly, Private Enterprises to Participate in Nuclear Power Production

India's goal is to achieve a nuclear power installed capacity of 100 GW by 2047. Within this target, the Nuclear Power Corporation of India Limited (NPCIL) plans to contribute 54 GW, the National Thermal Power Corporation (NTPC) plans to contribute approximately 30 GW, and private enterprises will fill the remaining capacity. According to the requirements of the act, private enterprises must obtain standard clearances from relevant departments to build nuclear power plants and need to secure safety clearances before they can operate the units. This move aims to ensure that high safety standards equivalent to those in the public sector are maintained while opening up the market.

Ajit Kumar Mohanty stated: Currently, the Adani Group has established a wholly-owned subsidiary, Adani Atomic Energy Ltd., formally entering the nuclear power field. Furthermore, several companies including Reliance Industries and Tata Power have shown strong interest in investing in such projects and are engaged in in-depth discussions with the government regarding relevant details.

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