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India approved plans to build 10 nuclear reactors

The Indian Government today approved plans to build 10 nuclear reactors with a total capacity of 7,000 megawatts, which is more than the country’s current capacity. The decision by Prime Minister Narendra Modi’s government marks the first strategic response to Westinghouse’s nuclear bankruptcy firm, which was negotiating six of the nuclear reactors in India.

“This project will bring about substantial economies of scale and maximise cost and time efficiencies by adopting fleet mode for execution”, said the official statement of the government. “It is expected to generate more than 33,400 jobs in direct and indirect employment. With manufacturing orders to domestic industry, it will be a major step towards strengthening India’s credentials as a major nuclear manufacturing powerhouse”, adds the statement.

The new reactors are of significantly higher capacities compared to the PHWRs currently under operation — the standard PHWR being used in India is of 220 MWe though two 540 MWe reactors were installed in Tarapur in 2005 and 2006. The ten reactors will be installed in Kaiga in Karnataka (Unit 5 and 6), Chutka in Madhya Pradesh (Unit 1 and 2), Gorakhpur in Haryana (Unit 3 and 4) and Mahi Banswara in Rajasthan (Unit 1, 2, 3 and 4).

Currently India has an installed capacity of 6,780 megawatts from 22 plants and plans another 6,700 megawatts by 2020-2021 through ongoing projects.

About Viliyana Filipova

Viliyana Filipova is 27 year-old girl from Varna, Bulgaria. She is founder and Chief Editor of Finance Apprise Journal, working also as analyzer on the world finance and commodity markets.

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