00:00
Growing Money
Growing Money
USD/RUB
EUR/RUB
Energy

Adani Group Eyes 10 GW Nuclear Target to Reshape India’s Energy Mix

Gautam Adani plans to establish his conglomerate as India’s largest private nuclear developer, aiming for 10 gigawatts of capacity by 2035. The move follows the government’s decision to open the civil nuclear sector to private capital, signaling a shift in how the nation sources round-the-clock clean energy.

Adani Group Eyes 10 GW Nuclear Target to Reshape India’s Energy Mix

At the company’s annual general meeting, Adani confirmed that land has already been identified to support this ambitious expansion. The group is currently in discussions with officials in Uttar Pradesh to deploy eight small modular reactors, each with a 200-megawatt capacity. This push aligns with a broader national roadmap aimed at scaling nuclear power from a current base of 8.8 gigawatts to 100 gigawatts by 2047, a transition that requires an estimated $204 billion in capital investment.

Should the group reach its 2035 goal, it would trail only state-run entities Nuclear Power Corporation of India Limited and NTPC Limited in national capacity. Competition is heating up as Mukesh Ambani’s Reliance Industries also evaluates entry into the sector. By leveraging both indigenous technology and foreign partnerships, the government hopes to secure long-term energy stability, marking a definitive departure from the historical state-run monopoly over nuclear generation.

Share

Comments (0)

Leave a comment

No comments yet. Be the first!