India’s state-run power company, NTPC, plans to invest $62 billion over the next two decades to develop 30 gigawatts (GW) of nuclear power capacity, significantly increasing its previous target of 10 GW. This strategic move aligns with India’s broader objective to achieve 100 GW of nuclear power capacity by 2047, contributing to the nation’s goal of 500 GW of non-fossil fuel-based energy generation by 2030.
To facilitate this expansion, NTPC is actively seeking land in eight states, including Gujarat, Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, and Tamil Nadu, for detailed studies across 27 potential sites. The company is also in discussions with international partners, such as France’s EDF and U.S.-based Westinghouse Electric Company, to collaborate on nuclear projects. These partnerships are made possible by recent policy reforms that open India’s nuclear sector to foreign and private investments.
In addition to large-scale reactors, NTPC is exploring the development of small modular reactors (SMRs) and has engaged in talks with companies like Holtec International Corp. This initiative aims to diversify India’s nuclear energy portfolio and expedite the deployment of nuclear power technologies.
The Indian government is proposing amendments to existing laws to facilitate private investment and reduce liabilities that have previously deterred foreign suppliers. These legislative changes are expected to attract more investments and accelerate the growth of the country’s nuclear energy sector.
Currently, India’s nuclear power capacity stands at approximately 8 GW, with plans to increase it to 20 GW by 2032. NTPC’s ambitious expansion plan is poised to play a pivotal role in meeting and potentially surpassing these targets, thereby enhancing India’s energy security and contributing to its clean energy transition.