India eyes Rs 7.5 lakh crore investment, 100 GW nuclear capacity by 2047
India sets an ambitious goal of boosting its nuclear power capacity to 100 GW by 2047, prioritizing private investment to achieve this objective. With an investment estimated at Rs 7.5 lakh crore contributing 30 GW, the nation currently operates 8.78 GW across 24 reactors and aims for 22 GW by 2032.
India plans to increase its nuclear power capacity to 100 gigawatts (GW) by 2047, with private investors expected to inject Rs 7.5 lakh crore ($100 billion) in funding and contribute 30 GW to the goal. The government aims to bolster energy security, meet growing electricity demand, and diversify its power mix through this expansion.
Atomic Energy Commission chairman A K Mohanty stated that the private sector could play a significant role in achieving this target. India possesses 25% of the world's thorium reserves, which could aid the second and third stages of its nuclear power program. Currently, India generates 8.78 GW of nuclear power from 24 reactors. The government intends to raise this capacity to around 22 GW by 2031-32 and subsequently reach 100 GW by 2047.
Public-sector companies, state governments, and private players are projected to contribute the remaining 46 GW.
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