India Wants More Nuclear
Installed nuclear power capacity to increase by 200% by 2031
Future plans.
India wants 9% (currently 3.2%) of its electricity to come from nuclear sources by 2047 as they seek to achieve net zero by 2070. The present installed nuclear power capacity is set to increase from 7,380 MW to 22,480 MW by 2031 on progressive completion of projects under construction and accorded sanction.
Insights From Indian Nuclear Stakeholders
India offers business opportunities across the entire spectrum of plant lifecycle of NPPs
As India is growing, so is its energy demand with increased thrust on clean energy transition, sustainability and reliability. Clean energy demand will further go up as decarbonization drive picks up for transportation/e-mobility, Clean H2 generation and application industries, commercial sector, industrial heating and district cooling systems. Nuclear power is well poised to cater to the clean and reliable energy requirement of the country and hence is on top of the agenda of the government.
With over 6.8 GWe installed nuclear capacity, 15.7 GWe under construction projects and further 25.8 GWe proposed capacity to be built up, India offers business opportunities across the entire spectrum of plant lifecycle of NPPs. A business potential of USD 125 Billion has been estimated for the projects in pipeline. In addition, India too has a fleet of over 205 GWe coal based power units, which would be progressively replaced by clean energy means such as Small Modular Reactors (SMRs).
Moreover, with nuclear assessed to play a major role in applications such as clean hydrogen generation, industrial heating, district cooling, desalination etc, India is gearing up for a major expansion in nuclear sector through development and adoption SMRs and other advanced reactor technologies.
Connect with us if you would like to understand further the Indian nuclear landscape or are looking to expand into the Indian market.
India Nuclear Industry Report
The 2024 edition of this 100-page report is extremely pertinent for all those currently involved in or planning to pursue the burgeoning Indian nuclear market. Key topics covered in this report include:
Strategic overview of energy transition and nuclear development in India
Commercialization approached for small modular and advanced reactors
Program delivery and project management
Managing the triad of safety, quality and performance
AI, digitalization and automation in the Indian nuclear sector
Building public perception
India NBP 2024
19-21 November 2024
Mumbai, India
Hosted by Nuclear Business Platform
Steered by an Advisory Board, INBP-2024 will focus on new developments, opportunities and challenges which are of current relevance in the Indian nuclear market. It’s a platform for networking, connecting to the key stakeholders, B2B meetings, assessing partnerships, and showcasing your brand, solutions, innovations, and expertise to the industry to enable a sustainable clean energy transition.