Govt to build small N-reactors by roping in the private sector
By MYBRANDBOOK
As India aims to achieve net zero carbon emissions by 2070, Union Finance Minister Nirmala Sitharaman has proposed roping in the private sector to boost the share of nuclear power in India's energy basket. Sitharaman announced in her budget that the government will partner with the private sector to set up Bharat Small Reactors and in the research and development of small modular reactors and for newer technologies for nuclear energy.
In the interim budget presented on February 1, Sitharaman had announced a Rs 1 trillion corpus, with the provision of a 50-year interest-free loan, to help finance research in technology. She said the Rs 1 trillion research and development funding, announced in the interim budget will be made available for the nuclear sector.
"The corpus will provide long-term financing or refinancing with long tenors and low or nil interest rates. This will encourage the private sector to scale up research and innovation significantly in sunrise domains," Sitharaman had said in February. "Nuclear energy is expected to form a very significant part of the energy mix for a Viksit Bharat," the finance minister said.
Last month, Science and Technology Minister Jitendra Singh had said that the Department of Atomic Energy was "suitably designing" the 220 megawatts pressurised heavy water reactor as a Bharat Small Reactor for captive nuclear power generation.
Small modular reactors can be factory-built, unlike conventional nuclear reactors that are built on-site. They have a power capacity of up to 300 MW per unit. Being a mobile and agile technology, SMRs can be set up at locations unsuitable for larger plants.
The push for nuclear power, which is considered to be a cleaner fuel or non-fossil fuel, comes in the backdrop of India's ambitious net zero goals.
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