India Plans to Open Atomic Energy Sector to Private Players
Mumbai: Principal Secretary to the Prime Minister, P. K. Mishra, has announced that the Government is considering opening the atomic energy sector to private participation, much like the recent liberalization of India’s space sector. He was speaking at the Bhabha Atomic Research Centre (BARC) Training School in Mumbai while addressing the 68th batch of scientific officers.
Focus on Private Sector and Low-Cost Financing
Mr. Mishra emphasized that timely project completion, low-cost financing, and leveraging private sector capabilities are critical to lowering electricity tariffs and enhancing the viability of nuclear energy projects in India. He encouraged young scientists to innovate in cost-reduction strategies, making nuclear energy the preferred power source for the nation.
Strategic Push for Clean Energy and National Security
Highlighting atomic energy’s importance for both clean energy transition and national security, he said the government intends to mirror the successful reform model of the space sector for atomic energy as well.
Societal Applications of Nuclear Science
Mr. Mishra also pointed out the wider societal impact of nuclear science, noting the use of radioisotopes in cancer treatment, and radiation technologies for wastewater treatment and agricultural storage.
Budget 2024–25 Initiatives
He outlined several key announcements from the 2024–25 Union Budget, including:
- Sanctioning of 50 multi-product food irradiation units for the MSME sector
- R&D support for Bharat Small Modular Reactors (SMRs)
- Investment in advanced nuclear technologies
- A target to expand nuclear power capacity to 100 GW by 2047
- Proposed amendments to legislation to enable private sector participation in atomic energy.
The move is seen as a major step toward modernizing India’s nuclear energy landscape, aligning with global climate goals and strengthening energy security.
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