What happened?
India’s Nuclear Power Corporation of India Limited (NPCIL), the country’s state-owned nuclear power operator, has issued a request for proposals (RFP) inviting Indian industries to finance and construct a fleet of 220 MW Bharat Small Reactors (BSRs). These reactors are intended for both captive use and power sales in accordance with government regulations. This initiative aligns with India’s goal of achieving zero carbon emissions by 2070, contributing to reducing the nation’s carbon footprint.
Why it matters to India
The release of the RFP follows a statement by Minister of State Jitendra Singh on December 4, 2024, which outlined the government’s vision for Bharat Small Reactors (BSRs).
Additionally, India’s Union Budget of July 2024 had announced plans to open the nuclear sector to private investment, specifically for the development of BSRs. This move marks a significant step in India’s strategy to involve private enterprises in the nuclear sector. It also sends a positive message to India’s international partners, including the U.S., showcasing its commitment to modernising its energy infrastructure and fostering international collaboration.