India's Nuclear Energy Prospects

India aims to diversify its energy sources with an emphasis on clean energy due to its climate commitments. Nuclear energy is a viable option, but its growth is hindered by stringent supplier liability laws.

Current Nuclear Energy Scenario

• India produces approximately 3% of its power from nuclear reactors.
• In contrast, nuclear energy accounts for 64% of France's power generation.

Challenges and Reforms

• The Government of India is considering revising nuclear laws, including Civil Liability for Nuclear Damage.
• The existing legislation poses challenges for suppliers due to potential unlimited liabilities.
• Projects face geopolitical issues and local resistance.
• India intends to harmonize its liability regulations with international norms to attract private investments.

Investment and Market Dynamics

• A market-driven approach is essential to meet ambitious nuclear energy targets.
• India has signed, but not ratified, a global convention on nuclear liability.
• Efforts to attract private investment in coal-based plants are hindered by subsidies and distribution issues.
• Addressing supplier liability is crucial for nuclear energy's growth, providing energy security and sustainability.

In summary, while addressing supplier liability is a necessary step towards expanding nuclear energy, it alone is not enough. Comprehensive reforms and market adjustments are required to fully leverage nuclear power potential in India.