The Centre will invite private companies to invest about $26 billion (₹2.16 lakh crore) in nuclear energy to increase the amount of electricity from sources that don’t produce carbon dioxide emissions, said two government officials who are directly involved in the matter.
This is the first time the government is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less than 2% of India’s total electricity generation. The funding would help India to achieve its target of having 50% of its installed electric generation capacity use non-fossil fuels by 2030, up from 42% now.
