India seeks $26 billion of private nuclear power investments, sources say
reuters.com
India
22-02-2024
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NEW DELHI, Feb 20 (Reuters) - (This Feb. 20 story has been corrected to fix the committed investments from 1,300 MW to 13,000 MW in paragraph 7. It also corrects the capacity from 2,000 MW to 20,000 MW in paragraph 15)
India will invite private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don't produce carbon dioxide emissions, two government sources told Reuters.
This is the first time New Delhi is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less than 2% of India's total electricity generation. The funding would help India to achieve its target of having 50% of its installed electric generation capacity use non-fossil fuels by 2030, up from 42% now.