Adani Group, the conglomerate of Indian billionaire Gautam Adani, has set an ambitious target of achieving 10 gigawatts (GW) of nuclear power capacity in India by 2035. This move comes as the Indian government opens its civil nuclear power sector to private investment, with the goal of boosting the country's installed nuclear power capacity to 100 GW by 2047. Adani's entry into nuclear energy is a significant step towards securing India's long-term energy future, with the company positioning itself to serve the growing national demand for clean and reliable power. The company is reportedly in talks with the state government of Uttar Pradesh to build small modular reactors (SMRs) as part of a public-private partnership. If Adani meets its target, it would become India's third-largest operator of nuclear power capacity, behind state-run Nuclear Power Corporation of India Limited (NPCIL) and state coal giant NTPC Limited.
DECLASSIFIED SOURCE: Zero Hedge
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