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Private firms seek green status for nuclear funding
The Indian Express··2 Sept
Private players asked NITI Aayog to treat nuclear power as green energy so projects can access green bonds, loans and blended finance. Member Abhay Karandikar said industry urged reviews of Finance Ministry, RBI and SEBI green frameworks. Invest India chief Nivruti Rai said India needs at least 228 billion dollars to reach 100 GWe by 2047.
Prism
What It Means For You
- Green-label access would decide which capital markets nuclear sponsors can tap.
- Karandikar said World Bank and Asian Development Bank restrictions on nuclear are under review abroad.
- CEA chair Ghanshyam Prasad said final SHANTI Act rules may take two to three months.
What's Happening
- Stakeholder talks at POWERGEN India's Nuclear X event covered green bonds and infrastructure status.
- NITI Aayog views nuclear generation as already listed under the Harmonised Master List of infrastructure.
- Karandikar said a clarification on infrastructure status may still be needed.
The Financing Gap
- India opened civil nuclear participation to private players last year.
- Prasad flagged site selection, skilled manpower and thorium technology as scale-up issues.
- Fleet-mode 700 MWe reactors are part of the expansion plan he described.
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