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New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
The evolution of India’s nuclear sector: learning from global trends
4/10/2023
6 min read
India plans to use a new programme of nuclear power plant building to help satisfy its fast-growing electricity needs. But developing nuclear plants can be fraught with difficulties to overcome, write White & Case Partners Andrew McDougall KC, Dipen Sabharwal KC and Counsel Ximena Vásquez-Maignan.*
Global instability and disruptions in energy supplies have fuelled governments worldwide to reconsider their energy security strategies. They are focusing more on developing diverse and domestically based supplies and some are turning towards nuclear energy as a viable path towards achieving this.
India is one of the top energy-consuming countries in the world and is expected to surpass the European Union by 2030. To meet its growing energy demand, India plans on growing its nuclear sector at pace over the next decade. In 2022, India’s Ministry of Environment, Forest and Climate Change shared a long-term low-carbon development strategy, citing aims to triple nuclear power capacity by 2032.
Historically, India was excluded from the international nuclear trade after acquiring nuclear weapon capabilities. As a consequence, the country still does not allow foreign investment into its nuclear power sector, meaning domestic companies play a central role in developing and operating nuclear power stations, supplying components and helping build them.