India has announced a Nuclear Energy Mission under the Union Budget for FY26, targeting an expansion of its nuclear power capacity to 100 GW by 2047, up from the existing 8.8 GW. An inter-ministerial committee has been established to develop a comprehensive roadmap for this goal, recommending significant reforms to enable participation by private and foreign companies. The roadmap outlines measures for financing, safety, fuel management, and other operational aspects. The proposed reactor mix for 2047 includes 46.5 GW from Pressurized Heavy Water Reactors (PHWRs), 38.8 GW from Pressurized Water Reactors (PWRs), 5 GW from Fast Breeder Reactors (FBRs), and 10 GW from Bharat Small/Modular Reactors (BSRs/BSMRs). The estimated investment requirement stands at Rs. 20,00,000 crore (US$ 225.73 billion), with uranium needs projected at 8,000 tonnes of natural and 1,000 tonnes of enriched uranium annually by 2047.
To meet this target, the committee has suggested measures including the development of advanced fuel designs, expansion of domestic uranium mining, and acquisition of foreign uranium mines. It also recommends indigenizing manufacturing to lower tariffs, adopting long-term financing models, implementing credit enhancement mechanisms, and including nuclear power within the climate finance taxonomy. With a growing reactor base, the roadmap stresses robust waste management, reprocessing of spent fuel, and a dedicated decommissioning fund to ensure sustainability. This initiative is set to position India as a global leader in nuclear energy, advancing clean and reliable power generation while fostering innovation and private sector collaboration.
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