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...
Westinghouse Nuclear Project in India Still Alive
The bankruptcy filing at Westinghouse Nuclear threatened to scuttle the multi-billion-dollar reactor deal made by former U.S. President Barack Obama and India's Prime Minister Modi during the Washington summit last June, , Westinghouse CEO Jose Gutierrez was in India for talks with state-run National Power Corp of India Ltd and...