India's Nuclear Ambitions Require Innovative Financing Solutions
Need innovative solutions to finance nuclear projects: Official
The Economic TimesImage: The Economic Times
Seema Jain, a senior official in India's Department of Atomic Energy, emphasized the need for innovative financing solutions and robust risk-sharing mechanisms to support the country's nuclear energy goals. The SHANTI Act, introduced in December 2025, aims to enhance private sector participation, targeting an ambitious increase in nuclear capacity to 100 GW by 2047.
- 01Innovative financing measures are essential for India's nuclear energy ambitions.
- 02The SHANTI Act allows private sector participation in nuclear energy generation.
- 03India aims to increase nuclear power capacity from 8.8 GW to 100 GW by 2047.
- 04A secure supply of nuclear fuel is crucial for the sector's growth.
- 05Early rule formulation and partnerships are necessary for timely project execution.
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Seema Jain, Member (Finance) of India's Department of Atomic Energy, highlighted the urgent need for innovative financing solutions and risk-sharing mechanisms to support the country's nuclear energy ambitions during a workshop on the SHANTI Act. The SHANTI Act, enacted in December 2025, facilitates private sector participation in nuclear energy generation while limiting supplier liability, aiming for a significant increase in nuclear capacity from 8.8 GW to 100 GW by 2047. Ghanshyam Prasad, Chairperson of the Central Electricity Authority (CEA), stressed the importance of diversifying nuclear fuel sources and establishing long-term procurement arrangements to ensure a stable supply. Gurdeep Singh, Chairman and Managing Director of NTPC Ltd, pointed out that the Act has made nuclear energy a viable clean power source for industries. To achieve these ambitious goals, preparatory activities such as land identification and site studies must be accelerated, alongside the development of partnerships in technology and supply chains. Ensuring long-term fuel availability and maintaining safety standards are also critical for the sector's success.
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The push for innovative financing and private sector involvement in nuclear energy could lead to job creation and advancements in clean energy technology in India.
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