Nuclear Power to Play a Pivotal Role in India Despite Challenges

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Nuclear Power to Play a
Pivotal Role in India Despite Challenges

• Market Reports On India

www.marketreportsonindia.com
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Summary
Indias promising nuclear power program is
expected to support its aim to become a global
nuclear power. Demand for power currently exceeds
availability, leading to major issues such as a
limited power supply, a poor quality power
service and frequent power outages. The majority
of demand is met by burning fossil fuels, which
contributes to global warming. India sees nuclear
power as the most feasible, affordable and secure
way of addressing the growing demand. The aim of
the three-stage nuclear program, originally
developed in the 1950s, is to utilize the
countrys uranium and thorium reserves to their
maximum extent. Indias weapons program means
that it has never joined the Nuclear
Non-Proliferation Treaty (NPT), excluding it from
the trade of nuclear plants or materials, but in
2008, the Nuclear Suppliers Group (NSG) agreement
opened up opportunities for trade with countries
such as Canada, South Korea, France and Russia.


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Following this, international co-operation
agreements were signed with the US and Australia
in 2008 and 2014 for the trade of nuclear fuel
and equipment. The government of India has
supported nuclear power expansion initiatives by
allocating 1.7 billion to the Department of
Atomic Energy (DAE), of which INR87.4 billion
(1.4 billion) will be used for nuclear research
and the rest for nuclear power generation. Scope
- The role of Nuclear Power in Indian Power
Sector - Three Stage Nuclear Power Program -
Nuclear Suppliers Group(NSG) Agreement


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Reasons to buy- Gain insights about how Nuclear
growth is supported by Three Stage Nuclear
Program and Nuclear Suppliers Group Waiver.-
Identify the benefits of International
Co-operation Agreements with US and Australia-
Identify the Capacity expansion plans and
investment initiatives by foreign companies and
the Indian government.


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Table of Contents
1 Table of Contents 1.1 List of Tables 2 Summary
3 Nuclear Power to Play a Pivotal Role in India
Despite Challenges 3.1 Industry Growth Supported
by Three-Stage Nuclear Program and Nuclear
Suppliers Group Waiver 3.1.1 Three-Stage Nuclear
Power Program to Enhance Nuclear Self-Sufficiency
4 Appendix 4.1 Abbreviations 4.2 Bibliography
4.3 Methodology



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