Recent government announcements on accelerating the use of nuclear power in India suggests a significant increase in the pace.
Earlier in January, Union Minister Jitendra Singh said that public sector companies would be roped in to help build plants. Plans are afoot to commission at least 20 nuclear power plants by 2031, according to a December Lok Sabha reply.
India has historically taken more than a decade to get plants in action, shows a Business Standard analysis of data from the International Atomic Energy Agency. The median construction time for nuclear plants — which is the average construction time taken from the first pouring of concrete for the construction of the plant to the time it connects to the grid — in India is 14.2 years. In comparison, it takes 5.7 years to connect a plant to the grid in China (see chart 1).
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Subscribe To Insights
Key stories on business-standard.com are available to premium subscribers only.Already a BS Premium subscriber? Log in NOW
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.