US nuclear industry set to make detailed submissions to India on SHANTI Act
In practice, the US nuclear industry is due to create a comprehensive submission to India on the draft rules and regulations to implement the SHANTI Act.
In practice, the US nuclear industry is due to create a comprehensive submission to India on the draft rules and regulations to implement the SHANTI Act.
Article outline
- What happened
- Official response
- The key numbers
- The bottom line
Key points
- India has set a target to generate 100 GW of nuclear power by 2047 and set up at least five indigenous Small Modular Reactors (SMRs).
- USISPF additionally held a virtual briefing for its Nuclear Industry Committee on the lately published draft SHANTI rules and regulations.
- It additionally allows private players to manufacture nuclear fuel and apply ionising radiation for non-electricity-related work with medicines, agriculture, and other industries.
Last week, the Department of Atomic Energy published the draft rules and regulations of the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act and sought comments by September 4.
Notably, the US-India Strategic Partnership Forum (USISPF). It led a delegation of US nuclear industry representatives to India earlier this year to explore opportunities in the civil nuclear sector, held discussions on Thursday with legal experts in India and the Nuclear Energy Institute based here.
"USISPF is coordinating a comprehensive industry submission to the Department of Atomic Energy (DAE), Government of India (GOI) by the September 4 deadline, " the USISPF remarked in a social media post.
SHANTI Act draft rules set operator liability, financial safeguards for private nuclear push "The virtual session convened senior industry leaders from across the nuclear value chain and covered: key provisions of the Draft SHANTI Rules and Draft SHANTI Regulations – what they mean for industry; implications for private sector entry, licensing, liability, and project structuring; and areas requiring industry attention and potential feedback to the government, " the USISPF remarked.
It remarked expert guest speakers Suhaan Mukerji of Delhi-based PLR Chambers and Ted Jones, Senior Director for National Security and International Programmes at Nuclear Energy Institute, addressed the virtual session.
In practice, the draft rules are the first detailed steps taken by India to open up the nuclear sector to private players, laying down licensing, insurance, and approval-related procedures while retaining administration control over sensitive activities.
Notably, the SHANTI Act opens the civil nuclear sector in India to private firms and joint ventures, allowing them to build, own and operate nuclear plants, decommission them, and take up nuclear research and development.
India has set a target to generate 100 GW of nuclear power by 2047 and set up at least five indigenous Small Modular Reactors (SMRs). It are advanced nuclear fission plants that can produce up to 300 megawatts of electricity by 2033.
In short, US nuclear industry set to make detailed submissions to India on SHANTI is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.
