1 October 2024
With the government proposing such a partnership, the existing framework governing the nuclear energy sector needs to be assessed In July 2024, the Government of India, while presenting the Union Budget for FY 2024-25, inter alia , made announcements on the expansion of India’s nuclear energy sector, proposing partnerships with the private sector for research and developing Bharat Small Reactors (BSR), Bharat Small Modular Reactors (BSMR) as well as newer nuclear energy technologies. Presumably, this announcement is aimed at India’s ambitious pursuit of the decarbonisation of energy generation and achieving 500 Gigawatts of non-fossil fuel-based energy generation in India by 2030, as pledged at the COP26 Summit in Glasgow, in 2021. With the government’s new announcement, there is renewed interest in visiting the existing framework governing the Indian nuclear energy sector to assess what kind of changes that may be required. The Atomic Energy Act, 1962 (AEA) — it was amend...