Govt considering legislative amendments to push private investments in nuclear space: Shripad Naik
GS3Economy · S&T · Environment · Security· Infrastructure (energy, ports, roads, railways)· Prelims + Mains·
Why in news
Minister of State for Power Shripad Naik stated the government is considering amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act to facilitate private investment in nuclear energy.
Background
The government aims to reach 100 GW of nuclear power capacity by 2047. A dedicated Nuclear Energy Mission has been launched with a ₹20,000 crore allocation to develop Small Modular Reactors (SMRs) and advanced nuclear technologies.
Facts for Prelims
- FactIndia's target nuclear power capacity: 100 GW by 2047
- FactNuclear Energy Mission allocation: ₹20,000 crore
- S&TSMRs: Small Modular Reactors are a focus of the new Nuclear Energy Mission
- Act / BillAtomic Energy Act and Civil Liability for Nuclear Damage Act are the primary legislations under consideration for amendment
For Mains
Q. Discuss the significance of private sector participation and Small Modular Reactors (SMRs) in achieving India's 2047 nuclear energy capacity targets.
Dimensions to cover in your answer
- Regulatory hurdle: Balancing private investment incentives with stringent safety protocols under the Atomic Energy Act
- Technological shift: Transitioning from large-scale reactors to SMRs for decentralized and scalable power generation
- Liability framework: Addressing the complexities of private liability in nuclear damage compensation
Keywords: Nuclear Energy Mission · Small Modular Reactors (SMRs) · Private Investment · Energy Security · Legislative Amendment
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