Atomic Energy: Will there be a change in nuclear power laws? The government made this plan; Know what is the purpose - nuclear energy expansion India sets legislative amendments for the entry into the private sector

The Government of India is considering changing the Nuclear Energy Act to increase the participation in the private sector in the nuclear power sector. It aims to achieve the target of 100 GW nuclear power generation by 2047. The Nuclear Damage Liability Act can also be amended. The government focuses on regulatory reforms. Pti, New -Delhi. The government is considering amendment in laws that control the nuclear sector. By 2047, the government wants to increase the participation of the private sector in the nuclear sector to reach the target to generate 100 GW nuclear power. For this, there is a need for change in laws related to the nuclear sector. Government sources said a change in the Atomic Energy Act was being considered to allow the private sector to participate. The need to amend the Nuclear Damage Liability Act to limit liability to providers of equipment for the manufacture of nuclear power plants. The government also considers regulatory reforms and evaluates the model of the Indian National Space Promotion and Authority Center (Inspace). The Inspace serves as a regulator for the spatial area. In 2020, the space sector was opened for personal participation. The Minister of Finance has announced that the opening of the nuclear sector to the private sector, Finance Minister Nirmala Sitharaman, also announced the opening of the nuclear power sector for the participation in the private sector in the budget, which has so far been limited to the public sector enterprises. The Atomic Energy Corporation of India Limited (NPCIL) operates nuclear power plants across the country. These core plants contribute 8.7 GW electricity to the country. Sitharaman also announced a nuclear power mission with a budget of Rs 20,000 crore for research and development of small modular reactors (SMR). It aims to implement five indigenous developed SMRs by 2033. Department of Atomic Energy officials recently said that the purpose of the nuclear power mission is to promote participation in the private sector, to streamline the regulatory structure and increase the production of nuclear power to meet India’s growing energy requirements. The ban on participation in the private sector has shown that the Atomic Accountability Act released the Nuclear Alfory Group (NSG) in 2008 to participate in the global core trade after the historic Indo-American nuclear deal in 2008. Thereafter. However, the Civil Liability Act for Core Damage of 2010 was an obstacle to participation in the private sector. The private sector has unacceptably described some of the laws of the law. According to the private sector, these statues do not correspond to the International Agreement (CSC) for the compensation of core damage. The government hopes the private sector will invest by 2047 to achieve the target of 100 GW nuclear power generation. About 50 percent of this target of 100 Gigawatt nuclear power generation is expected to be produced by Public Private Participation (PPP). The parliamentary committee also recommended to draw up a strong financial model. A parliamentary committee has also recommended to introduce a strong financial model that includes government incentives and sovereign guarantees to attract both domestic and foreign investment. The committee also suggested that the amendments to the Atomic Energy and the Civil Liability Act for core damage to encourage private investment in nuclear power production should be accelerated. Also read: Nehru gave water to Pakistan by the stomach of farmers, every latest news and accurate information about the country and the world to Shivraj’s congress on the Indus Water Agreement, to cut every moment on your phone! Download now- Jagran app