India eyes opening nuclear power market to private players

This is seen to create various opportunities to fuel nuclear capacity.

India is looking into opening its nuclear energy sector to the private sector as it eyes expanding its capacity to 100 gigawatts (GW).

“Just as we opened space innovation to the private sector, we are now taking steps in another very important sector. We are moving toward opening the nuclear sector as well,” said Indian Prime Minister Narendra Modi.

The official said India is already working on laying the foundation for a strong role for the private sector. This will create opportunities in small modular reactors, advanced reactors, and nuclear innovation.

“This reform will give new strength to our energy security and technological leadership,” Modi said.