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India considers allowing foreign investment in nuclear power

14 Jan 2020

The Indian government is considering allowing Foreign Direct Investment (FDI) in the nuclear power sector. According to the Department of Atomic Energy (DAE), the Atomic Energy Act doesn't prohibit private sector participation in nuclear power projects, but the FDI policy of the government bans foreign investments in nuclear projects: amending the FDI policy might attract more investments in the Indian nuclear power sector.

India already uses foreign technologies for its nuclear projects and some foreign companies are already taking part to nuclear projects. The Indian state-run nuclear utility Nuclear Power Corporation of India Limited (NPCIL) is developing the 9.6 GW Jaitapur nuclear power project including six 1,600 MW EPR units in Ratnagiri (Maharashtra). GE Power will design the reactors' conventional island and supply its main components, while EDF will be responsible for the engineering processes covering the entire project including its nuclear island, conventional island and auxiliary systems.

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