In a landmark event during Narendra Modi’s recent visit to Russia, the Eurasian powerhouse has agreed to help India build six more nuclear power plants. This is a significant development, especially considering that India could secure a supply of uranium from Russia to support its ambitious nuclear power energy plans.
India and Russia are exploring substantial growth in their nuclear power partnership. Rosatom, the Russian state nuclear corporation, announced ongoing discussions with India regarding the construction of these six new high-powered nuclear reactors.
This collaboration extends beyond just high-power plants. Rosatom is also looking into developing lower-power nuclear facilities within India. In addition, in April ’24, India received information on floating nuclear power plant solutions from Rosatom.
The potential expansion in nuclear power signifies a strategic move for both nations. It could provide India with a substantial boost to its energy security and economic development. According to Union Minister Dr. Jitendra Singh, India's installed nuclear power capacity is set to grow by around 70% in the next five years, from the current 7.48 GW to 13.08 GW by 2029. India plans to build close to 18 new reactors.
Moreover, by 2047, India aims to increase its nuclear power generation capacity to about 100 GW.
This expansion is part of India's broader strategy to diversify its energy mix and reduce its reliance on fossil fuels.
INDIA’S NUCLEAR ASPIRATIONS
India has set ambitious clean energy targets, aiming to increase the share of non-fossil fuel sources in its electricity generation mix to 40% by 2030, and to achieve a net-zero emissions target by 2070.
Nuclear power plays a crucial role in diversifying India’s energy mix away from fossil fuels such as coal and natural gas, which currently dominate the electricity sector.
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