India aims to bring its net emissions to zero by the year 2070, for which, public sector behemoths are being employed.
These PSUs will be in charge of building nuclear power plants, as confirmed by Union Science and Technology Minister Jitendra Singh
Read on to find out all the details!
PSUs To Construct Nuclear Power Plants To Ensure Net Zero Emissions By 2070
In order to reach its goal of net zero emissions by 2070, India is prepared to enlist the help of its public sector behemoths for the construction of nuclear power plants, according to Union Science and Technology Minister Jitendra Singh, who made the announcement here on Tuesday.
Speaking to the media here on the sidelines of the 108th Indian Science Congress, Singh said that in order to raise money for the construction of atomic power plants, the nuclear industry has been opened up for joint ventures with PSUs.
Singh oversees the Department of Atomic Energy as the Union Minister of State in the Prime Minister’s Office.
As per Singh, “We are now building nuclear power plants in northern parts of the country as well.”
21 More Nuclear Power Projects To Be Constructed
In order to allow joint ventures between the Nuclear Power Corporation of India Limited (NPCIL) and public sector companies to construct nuclear power projects, the government amended the Atomic Energy Act in 2015.
To increase the role of atomic power in the nation’s energy mix, the government approved the construction of 10 nuclear power plants with a combined capacity of 700 MW in 2017.
In order to expand the nuclear power industry, the NPCIL, which manages the majority of the nation’s nuclear power plants, has formed joint ventures with National Thermal Power Corporation, Indian Oil Nuclear Energy, and Nalco Power Company Limited.
India currently has 6780 MW of nuclear power installed, and by 2031, it plans to add 21 more nuclear power generating units, bringing the total installed capacity to 15,700 MW.