India world's largest Vaccine producer and global supplier by volume: MoS (See 'Corp Brief') PBPT - Transfer of funds by beneficial owner to purchase properties in names of relatives without demonstrable loan agreements or independent source of income is classic benami transaction under the Act: SAFEMA Tribunal (See 'Legal Desk') Mizoram's Railway Lifeline completes One Year of Success (See 'Corp Brief') FEMA - Financial difficulties do not excuse non-compliance with mandatory FEMA requirements - Funds received via FDI cannot be utilised or diverted for purposes other than those for which they were received: SAFEMA Tribunal (See 'Legal Desk') Expanding coal production and infrastructure while widening opportunities in Central India (See 'Corp Brief') FEMA - Penalties under FEMA are civil in nature & may be imposed for technical or procedural contraventions without requiring proof of mens rea: SAFEMA Tribunal (See 'Legal Desk') Cochin Shipyard Ltd and Drydocks World Form JV To strengthen India's Ship Repair Industry (See 'Corp Brief') FEMA - Non-issue of shares against the full amount of FDI received constitutes contravention of applicable provisions of FEMA & regulations framed thereunder: SAFEMA Tribunal (See 'Legal Desk') Next Subscription Economy may arrive with Telecos monthly bills (See CORP EINSICHT) BRICS Bharat Innovates Exposition: 37 Indian Deep Tech Innovators participating (See 'Corp Brief') India's Coastline offers significant Potential for Marine Resources MoS (See 'Corp Brief') State Govets should assess current utilisation of cess funds: Mandaviya (See 'Corp Brief') Union Minister to participate in G20 Energy Abundance Ministerial Meeting in Houston (See 'Corp Brief') BEE showcases Electric Cooking Solutions for transition from LPG to Electricity (See 'Corp Brief') SARFAESI - Section 14(2) enables secured creditor to seek compliance with possession order - writ remedy not maintainable where this option is not exhausted first: HC (See 'Legal Desk') Dryland Congress 2026: Breeding, Climate Resilience and Nutrition take Centre Stage on Day One (See 'Corp Brief') MoS inaugurates Technology Centre at Devanahalli, Bengaluru (See 'Corp Brief') FEMA - Penalty cannot be imposed on company for delayed submission of Form FC-GPR where delay is entirely attributable to negligence & admitted administrative failure of its authorised dealer bank in transmitting timely submitted documents to RBI: SAFEMA (See 'Legal Desk') ASEAN and India advance cooperation on Climate-Resilient Agriculture & Digital Innovation (See 'Corp Brief') Bihar and West Bengal to inaugurate Labour Chowk-cum-Facilitation Centres (See 'Corp Brief') Companies Act - Issuance of order by a central authority stationed in New Delhi does not, per se, confer territorial jurisdiction or constitute a substantial part of cause of action when underlying subject matter has its closest nexus with another jurisdiction: HC (See 'Legal Desk') Digital India BHASHINI advances Multilingual AI for Inclusive Digital Governance (See 'Corp Brief') India must leverage Latest Technologies for Forest Assessment: Yadav (See 'Corp Brief') Trade Marks - Order rejecting registration of trade marks is invalid where no reasoning whatsoever is given, thereby showing complete non-application of mind: HC (See 'Legal Desk') MoS lays bricks for BEDF Basmati and Organic Training Centre in Pilibhit (See 'Corp Brief') DRI seizes 740 kg cannabis and charas in operations across country (See 'Corp Brief') Competition Act - Allegations of anti-competitive agreements and abuse of dominant position cannot be sustained on basis of information which is generic, speculative, lacking in foundational facts & not backed by cogent evidence: CCI (See 'Legal Desk')

India has doubled power generation through Nuclear Energy: MoS

Published: Dec 12, 2024

By TIOLCorplaws News Service

NEW DELHI, DEC 12, 2024: INDIA'S Nuclear power generation capacity has grown significantly in last one decade, nearly doubling from 4,780 MW in 2014 to 8,180 MW in 2024.

This was disclosed here today in the Lok Sabha by Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh addressed the Lok Sabha today, in response to a discussion on Nuclear power.

The Minister highlighted the significant progress and future potential of India's atomic energy program. He elaborated on key developments and outlined a roadmap for achieving greater self-reliance in nuclear power generation.

Dr. Jitendra Singh emphasized the revision of India's power distribution framework, which has increased the home state's share of electricity from atomic plants to 50%, with 35% allocated to neighboring states and 15% to the national grid. This new formula ensures equitable resource distribution and reflects the federal spirit of the nation.

While highlighting how India's Nuclear power generation capacity has grown significantly, nearly doubling from 4,780 MW in 2014 to 8,180 MW in 2024, Dr Jitendra Singh added that the capacity is projected to triple to 22,480 MW by 2031-32, showcasing India's commitment to scaling up its nuclear energy infrastructure.

The Union Minister attributed this progress to several transformative initiatives, including the bulk approval of 10 reactors, increased funding allocations, collaborations with Public Sector Undertakings (PSUs), and limited private sector participation. He credited advancements in technology and streamlined administrative processes for strengthening India's nuclear infrastructure.

In addition to energy production, Dr. Jitendra Singh highlighted the diverse applications of atomic energy. He noted its extensive use in agriculture, including the development of 70 mutagenic crop varieties. In the healthcare sector, India has introduced advanced isotopes for cancer treatment, while in the defense sector, atomic energy processes have been used to develop cost-effective, lightweight bulletproof jackets.

The Union Minister also underscored India's abundant thorium reserves, which constitute 21% of the global total. Indigenous projects like "Bhavani" are being developed to harness this resource, reducing dependence on imported uranium and other materials. He acknowledged the challenges in implementing atomic power projects, such as land acquisition, forest clearances, and equipment procurement, but reaffirmed the government's commitment to addressing these issues. He noted that nine atomic power projects are currently under construction, with several others in the pre-project stage, demonstrating India's dedication to expanding nuclear energy capacity.

Dr. Jitendra Singh provided a historical perspective, highlighting projects like the Kudankulam Nuclear Power Plant, which gained momentum post-2014 under the leadership of Prime Minister Narendra Modi. He reiterated India's commitment to peaceful purposes of atomic energy, as envisioned by Dr. Homi Bhabha, and emphasized leveraging nuclear energy for sustainable development while aligning with the vision of "One Nation, One Government."

This progress underscores India's resolve to achieve energy self-sufficiency, drive innovation, and contribute significantly across sectors through the peaceful applications of nuclear energy.

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