New Delhi, March 11 (IANS). The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (Peace) Bill 2025 is a structural step in India’s nuclear energy capacity enhancement. This will speed up the implementation of projects. This information was given in the report released on Wednesday.
Infomerics Ratings described the bill as a structural positive step for the Indian power sector, as it removes long-standing barriers to nuclear energy capacity addition, particularly liability and participation restrictions.
The firm noted that the expansion of nuclear energy is still expected to be gradual and is likely to reach about 22 gigawatts (GW) by FY2032, taking into account ongoing projects under implementation and planning.
The ‘Peace Bill 2025’ replaces the Atomic Energy Act, 1962 and the Civil Liability for Nuclear Damage Act, 2010 and will introduce an integrated legal framework governing development, safety, security, safeguards and nuclear liability.
Under this Bill, government entities, companies, joint ventures or other persons expressly authorized by the Central Government are permitted to construct, own, operate or close nuclear plants and manufacture nuclear fuel.
The firm noted that nuclear power has become a critical component in India’s future energy mix due to its commitment to net zero energy targets and growing electricity demand, as the uncertainty of renewable energy limits its ability to fully meet reliable base load demand, even with storage support.
Rohit Inamdar, Chief Rating Officer, Infomerics Ratings, said, “The Bill sets category-wise operator liability limits and limits legal action for suppliers to defined contractual and willful wrongful situations, thereby reducing supplier risk, enhancing investor confidence and encouraging greater private sector participation in future nuclear projects.”
However, the report said the increase in nuclear power capacity will also depend on tariff competition and the development of the domestic vendor ecosystem.
The firm said long-term government-backed fuel supply arrangements, building of strategic reserves and development of domestic fuel-cycle infrastructure will remain important along with nuclear capacity expansion.
–IANS
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