India has revealed a Nuclear Energy Mission within the Union Budget for FY26, aiming to increase its nuclear power capacity to 100 GW by 2047, a rise from the current 8.8 GW. A committee comprising multiple ministries has been formed to create a detailed plan for this objective, suggesting substantial changes to facilitate involvement from private and international firms. The blueprint details strategies for funding, security, fuel management, and additional operational elements. The suggested reactor composition for 2047 consists of 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 projected investment needed is Rs. 20,00,000 crore (US$ 225.73 billion), with uranium requirements estimated at 8,000 tonnes of natural and 1,000 tonnes of enriched uranium each year by 2047.
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To achieve this goal, the committee has proposed initiatives such as creating advanced fuel designs, increasing domestic uranium mining, and obtaining foreign uranium mines. It additionally suggests localizing production to reduce tariffs, embracing long-term financing strategies, introducing credit support measures, and incorporating nuclear energy in the climate finance framework. As the reactor base expands, the roadmap emphasizes effective waste management, recycling of used fuel, and a specific fund for decommissioning to guarantee sustainability. This initiative aims to establish India as a worldwide leader in nuclear energy, promoting clean and dependable power generation while encouraging innovation and collaboration with the private sector#FundamentalViews#TrendingSectors#Miscellaneous#EquityResearch#MacroViews
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