Jindal Nuclear Announces ₹1.80 Lakh Crore Plan for 18GWe Nuclear Power Capacity
Jindal Nuclear, a Naveen Jindal Group company, plans to invest ₹1.80 lakh crore over 20 years to build 18GWe nuclear power capacity, supporting India's clean energy goals.
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Jindal Nuclear Power Pvt Ltd has determined an investment of about ₹1.80 lakh crore for the next two decades to achieve 18GWe of nuclear power generation capacity. The company forms a part of Jindal Renewables, which falls in Naveen Jindal Group; and with its foray into the nuclear power generation field, it is going to be the first private sector group of its kind to step into the Indian arena. This is a very important milestone for India in the journey toward clean energy.
The ambitious project fits well in the vision for the Government of India, through the Union Budget 2025, which aspires to 100GWe of nuclear capacity by 2047. So, the addition of this contribution will help push low-emitting industrialization further and support long-term sustainable growth in the economic sphere, helping reduce carbon footprint significantly. Although, according to the sources, the final decisions on location of the plants are still pending, the investment framework is established.
In that sense, Jindal Nuclear comprises designing, owning, and operating the most advanced nuclear power plants fully equipped with modern technologies. For example, Jindal has clearly expressed its unrelenting commitment to safety excellence and efficiency in operation apart from environmental friendliness. This will contribute extremely significantly to India’s low-carbon economy transition through providing the country with dependably, uninterruptibly, and free of CO2 energy. Moreover, this is going to present a model in the involvement of the private sector in India’s nuclear power sectors.