Govt to provide Rs 3,000 crore for nuclear power for two decades

FIle Photo: Jitendra Singh, MoS, Department of Atomic Energy.

The central government is working on an ambitious plan to spend around Rs 3,000 crore per year for the next 15-20 years to boost nuclear energy in the country.

Minister of State for the Department of Atomic Energy, Jitendra Singh, said in a written reply in Lok Sabha that a recent amendment to the Atomic Energy Act 1962 had created an enabling provision for public sector entity Nuclear Power Corporation of India (NPCIL) to seek equity participation from other central PSUs for atomic power projects.

The government said it would help in infusing additional capital in the sector.

“In the budget proposal for the financial year 2016-17, the government has announced drawing up a comprehensive plan, spanning next 15-20 years to augment the investment in the nuclear power generation and proposed a budgetary allocation upto Rs 3,000 crore per annum, together with public sector investments will be leveraged to facilitate the required investment for this purpose,” Singh said.

The minister said availability of financial resources, land acquisition, availability of water and supply chain of component and equipment are some major problems faced by the sector.

As many as 2,508 cities in 26 states have been selected under ‘Pradhan Mantri Awas Yojana’ for providing affordable houses to the urban poor, the Lok Sabha was informed today.

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