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Adani Set to Step Into Nuclear Energy Sector If Government Opens the Door

For the first time, the possibility of private investment in India's nuclear power sector seems to be strengthening.

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Edited By: Nishchay
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For the first time, the possibility of private investment in India's nuclear power sector seems to be strengthening. Recently, Prime Minister Narendra Modi indicated that the government is considering opening this strictly controlled sector to private companies. He said that such a step would be beneficial for India's energy security, production capacity, and long-term power needs.
The very next day after the PM's signal, the Adani Group made its interest in this sector clear.

How can nuclear projects proceed with the PPP model?

Adani Group said that if the government implements the public-private partnership model in nuclear energy, then the company is fully ready to participate in it. According to the group, the biggest challenge in this area is liability law—that is, who will be responsible in case of an accident.

If these rules are made clear, it will become much easier for private companies to enter nuclear power. Adani says that when foreign companies can build reactors in India, Indian companies also have this capability.

What is the big investment plan of Adani Group?

Along with showing interest in the nuclear sector, Adani Group has also updated its mega capex plan. The company is working on an investment program of Rs 1.57 lakh crore. To accomplish this, the group is preparing to raise a loan of about Rs 90,000 crore.

According to the company's CFO, Jukhshinder Roby Singh:

  • Nearly Rs 80,000 crore has been invested so far
  • About Rs 36,000 crore will come from internal sources
  • Around Rs 44,000 crore will be raised through equity and debt

In this way, the roadmap to meet the entire Capex target is ready.

Why is this change important for India in nuclear energy?

If the way is cleared for private companies, then the nuclear sector can bring a big turn in India's energy strategy. Private investment will not only increase production capacity but will also help the country become self-reliant at the technical level.

With the participation of large domestic companies like Adani, nuclear energy can more strongly meet India's base-load power needs in the coming years.

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