Taking the plunge and entering the Nuclear Suppliers Group, the Modi government has announced its plan to develop 10 heavy water nuclear reactors. The Nuclear Suppliers Group is an international club that governs nuclear commerce.
After having India’s entry stalled for long, the government now plans to generate a total of 63,000 megawatts (MW) of nuclear power by 2032 through this project. By the year 2050, 25 per cent of electricity supply will be generated through these reactors.
The plan of the mega nuclear power project was made public by Union Minister of State, Piyush Goyal, with independent charge for power, coal, new and renewable energy and mines in the government of India.
If all goes in line with the plans, it will create over 33,000 jobs and business worth Rs.70,000 crore, directly and indirectly.
The project to expedite generation of nuclear power domestically by the government also comes in the wake of Japan-based nuclear power company, Westinghouse’s bankruptcy.
Currently, India has 22 functional nuclear reactors, out of which 18 make use of heavy water which is safer and more efficient. However, most of these reactors have a capacity lower than the ones that will be set up as part of the new project.
As of now, India gets a major share of its power through thermal energy, nuclear power comprising only 2 percent of the country’s total power requirement. At present, 6,780 MW of power is generated by nuclear energy with another 6,700 MW coming up soon.