India is looking for private investors and is financing the construction of a nuclear power plant with IDR 406.9 trillion

Bisnis.comJAKARTA – Government India Inviting private companies to invest in nuclear power plants (NPP) with a total value of around 26 billion US dollars or the equivalent of 406.9 trillion IDR.

This is the first time India is involved investors Private sector, particularly in the field of nuclear energy, a zero-carbon source of energy, which accounts for less than 2% of total electricity generation there.

This support will help India achieve its goal of switching 50% of electricity generation to non-fossil fuels by 2030. It is currently known that the proportion is still 42%.

begin ReutersThe Indian government is currently negotiating with five private companies, including Reliance Industries, Tata Power, Adani Power and Vedanta Ltd, for investments worth $5.30 billion each.

Earlier in 2023, the Federal Ministry of Atomic Energy and state-owned Nuclear Power Corp of India Ltd (NPCIL) had held talks with several private companies for the investment.

Through this investment, the Indian government hopes to build 11,000 MW of new nuclear power capacity by 2040.

In addition, based on the financing plan, private companies will also invest in nuclear power plants, acquire land, water and development outside the territory of the nuclear reactor complex.

However, the right to construct and operate the station as well as its fuel management lies with NPCIL in accordance with applicable laws.

According to Charudatta Palekar, an independent energy sector consultant who previously worked for PwC, the development of this hybrid nuclear power project is an innovative solution to accelerate nuclear power capacity

India has not met its nuclear capacity expansion targets for years due to its inability to supply itself with nuclear fuel. It was only in 2010 that India reached an agreement with the USA for the supply of reprocessed nuclear fuel.

This is also believed to be due to India's strict nuclear compensation laws. The existence of this law has hampered talks with foreign energy companies such as General Electric and Westinghouse. This results in the country postponing its goal of building 20,000 MW of nuclear energy from 2020 to 2030.

(Maria Hermina Kristin)

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