U.S. nuclear industry to make comprehensive submissions to India on SHANTI rules
The SHANTI Act opens the civil nuclear sector in India to private companies and joint ventures, allowing them to build, own and operate nuclear plants, decommission them, and take up nuclear research and development
The U.S. nuclear industry is preparing an extensive submission to India regarding the draft rules and regulations for implementing the SHANTI Act, which aims to introduce private participation in the atomic energy sector. The Department of Atomic Energy recently released the draft rules and regulations for the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act, inviting public comments by September 4.
A delegation from the U.S.-India Strategic Partnership Forum (USISPF) recently visited India to explore opportunities in the civil nuclear sector. The USISPF held discussions with legal experts and the Nuclear Energy Institute in India to coordinate a comprehensive industry submission to the Department of Atomic Energy (DAE) by the September 4 deadline.
The virtual briefing covered key provisions of the Draft SHANTI Rules and Draft SHANTI Regulations, discussing their implications for private sector entry, licensing, liability, and project structuring. Guest speakers Suhaan Mukerji and Ted Jones provided insights into the new rules, which allow private companies and joint ventures to build, own, operate, and decommission nuclear plants, as well as manufacture nuclear fuel and use ionizing radiation for non-electricity-related applications.
India aims to generate 100 GW of nuclear power by 2047 and establish at least five indigenous Small Modular Reactors (SMR) by 2033.
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