India's Nuclear Energy Sector Set for a Major Overhaul

In a significant move to boost the nuclear energy sector, Finance Minister Nirmala Sitharaman announced plans to amend the Atomic Energy Act (1963) and the Civil Liability for Nuclear Damage Act (2010). This initiative aims to develop at least 100 gigawatts (GW) of nuclear energy by 2047, making the sector more attractive to overseas investment and private sector participation.

Small Modular Reactors: A Leap Towards Sustainable Energy

Another groundbreaking announcement was the commitment to operationalize at least five indigenously developed small modular reactors (SMRs) by 2033, with a Rs 20,000 crore outlay allocated for research and development. SMRs represent a new generation of compact nuclear reactors offering cost-effective and scalable energy solutions, significantly contributing to reducing the country's dependence on fossil fuels.

Strategic Partnerships and Global Implications

The proposed amendments to the liability laws come ahead of Prime Minister Modi's visit to the US, following the US's recent removal of restrictions on key Indian nuclear institutions. This move is expected to foster global partnerships in the nuclear energy sector, with the government aiming to maintain a strong presence while opening aspects of the sector for private participation.

Expert Opinions and Future Prospects

Experts like Anil Kakodkar, a senior nuclear scientist, have lauded the government's recognition of nuclear energy's importance in achieving a 'Viksit Bharat' with net-zero emissions. However, they also highlight the challenges ahead, emphasizing the need for an effective implementing mechanism to realize this ambitious vision.