Westinghouse Electric Company has set an ambitious goal for India: as many as 18 of its AP1000 nuclear reactors operating in the country by 2047. If realized, the program would represent roughly 20 gigawatts of new generating capacity and make the American nuclear technology company a significant participant in India’s...
India’s SHANTI Act is Reshaping the Private Energy Landscape
India’s energy landscape is undergoing a shift, signaled not by a loud proclamation, but by the quiet filing of corporate documents. Adani Power based in Ahmedabad, Gujarat, has officially entered the nuclear sector, establishing Adani Atomic Energy Ltd (AAEL) as a wholly-owned subsidiary. AAEL's primary business will consist of generating,...
India Seeks Private Investment in Nuclear Energy Sector
India is pursuing a new strategy to significantly boost its nuclear power generation capacity by inviting major private companies to invest up to $26 billion in the nuclear energy sector, according to Reuters. "This marks the first time the government is seeking private investment in nuclear power, a non-carbon emitting...
Westinghouse Nuclear Expected to Win Six-Reactor Deal
Westinghouse Nuclear (an Amritt client) is expected to sign a deal for six nuclear reactors with the state-run Nuclear Power Corporation of India (NPCIL) during President Trump’s trip to the country, according to a report in The Hill. The deal will outline timelines and name the lead local constructor for building...
2017 Was Good for India's Department of Atomic Energy
The state-owned units of India's Department of Atomic Energy (DAE) performed well in 2017: Nuclear Power Corporation of India Limited's 2017 profit of $482 million was its highest ever; Uranium Corporation of India Ltd., achieved its highest ever production; and fuel cycle company Nuclear Fuel Complex achieved 115% of its...
India, U.S., to Accelerate Cooperation in the Energy Sector
In the wake of President Trump's and Indian Prime Minister Modi's meeting, the White House released a statement that said, "The United States and India are committed to realizing commercial civil nuclear cooperation, in particular through a contract for six Westinghouse Electric AP-1000 nuclear reactors to be built in Andhra...