nuclear-news

India Aims to Lure Foreign Nuclear Power Providers With Eased Liability Laws

Oil Price, By Tsvetana Paraskova – Apr 18, 2025,

India plans to remove an unlimited liability clause in its nuclear energy laws in a bid to attract foreign firms, especially U.S. companies, to its nuclear energy sector.

The Indian Department of Atomic Energy has prepared a bill that would remove a clause in the Civil Nuclear Liability Damage Act of 2010 that exposes suppliers to unlimited liability if accidents occur, government sources told Reuters.

India plans a major expansion to its nuclear energy capacity in the coming decades as a pillar of reliable zero-carbon electricity to meet surging power demand.

By capping the liability for suppliers of nuclear reactors, India seeks to attract foreign companies to an industry expected to become key to the country’s energy transition……………………………………..

ndia’s largest power utility, NTPC, plans to invest over the next two decades $62 billion in building 30 GW of nuclear generation capacity, sources with direct knowledge of the matter told Reuters earlier this year.

NTPC is also reportedly looking to hire consultants for feasibility studies for small modular reactors that could potentially replace some of the utility’s old coal-fired power plants…………….. https://oilprice.com/Latest-Energy-News/World-News/India-Aims-to-Lure-Foreign-Nuclear-Power-Providers-With-Eased-Liability-Laws.html

April 21, 2025 - Posted by Christina Macpherson | business and costs, India