Reuters reports, based on two government sources, that India will invite private firms to invest about $26 billion in its plan to build 11,000 MW of nuclear power generation by 2040. At this point, India gets less than 2% of its electricity from nuclear power. The plan represents that a significant component of the government’s “clean energy” goals is based upon going forward, not backward.
India’s Federal Department of Atomic Energy and state-run Nuclear Power Corp of India Ltd have held multiple rounds of discussions on the investment plan with at least five private companies in the past year. Reuters named four firms that the government has been in talks with: Reliance Industries, Tata Power, Adani Power and Vedanta Ltd., all domestic companies.
