India Expands Nuclear Power Capacity

India is planning a major expansion of its nuclear power capacity, aiming for 100 gigawatts by 2047, an eleven-fold increase from current levels, requiring an estimated $211 billion investment. The government is considering ordering a third fleet of up to 10 locally designed 700-megawatt pressurised heavy water reactors through bulk bids to manage costs. A new law passed in December opened India's nuclear sector to private companies, easing liability conditions for equipment suppliers and allowing private entities to generate atomic power, which was previously a government exclusive. This policy shift has generated global interest, with companies like JSW Energy already seeking sites for nuclear projects and Larsen & Toubro anticipating a surge in equipment orders. The move aligns with a global revival of nuclear power as nations seek to decarbonize and meet rising electricity demand.