Nuclear Energy In India - A Ray Of Hope To Feed Energy Requirement

Mumbai, India (PressExposure) February 19, 2009 -- India is now the world's fifth largest consumer of energy and its demand for electricity is expected to increase from 105GW in 2008 to 400GW in 2030. But availability was 89GW in February 2008, causing deficit of 16GW. Need for increased power generation arises from the fact that with a targeted GDP growth rate of 7–8% and an estimated energy elasticity of 0.80,energy requirements of the country are expected to grow 5–6%. So where is the fuel reserve to feed the growing requirement for primary energy? This underscores the role of nuclear energy in India’s plans for energy security.

Current installed nuclear power capacity in India is 4.12GWe and contributes only 2.92% to total power capacity. India is targeting to double the capacity in the next five years and scale up five times by 2020. Government of India is putting together an enabling policy framework for investments in this sector.In view of the recent deal struck between the US and India, more private participation is expected in this otherwise closely guarded industry and there is enough reason for foreign technology collaborators to get benefited due to the deal. It is expected that the deal could produce an investment of US$ 27 billion in 18 to 20 nuclear plants in India over the next 15 years.

In this backdrop, this report on “Nuclear Energy in India”( []) presents the current nuclear energy scenario in the country and its future growth potential, along with impact analysis of the Indo-US nuclear deal. The report also profiles the nuclear power plants – currently operational and new plants planned- covering areas like technology deployed and involvement of foreign companies. The economics of nuclear power generation in comparison to thermal power is also discussed briefly. Besides, role of Indian government in atomic energy, its organisation structure and regulatory aspects are also covered in the report.The report also highlights the importance of FBRs and thorium-based research, which is on the main agenda for the third phase of India’s nuclear power programme.

The report is of immense help to suppliers of equipments, technology and service providers and consultants for business development as well as for building business partnerships with Indian companies. It will also help Indian corporate and consultants that plan foray into this field in one or multiple parts of the value chain.

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Press Release Submitted On: February 18, 2009 at 10:48 pm
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