The union cabinet has given sanction to set up 10 heavy water reactors. The whole project will cost Rs 70,000 crore.
Energy and Mines Minister Piyush Goyal told reporters on May 17 that these 10 units of reactors will generate 7,000 megawatts of electricity.
This is India's biggest nuclear power project so far, which will take Prime Minister Narendra Modi's 'Make in India' initiative to a new high. India's current nuclear energy generation stands at 6,780 MW.
Apart from boosting power sector, this project will generate job opportunities for over 33,400 Indians directly or indirectly.
Goyal also told presspersons that government plans to generate an additional nuclear energy of 6,700 MW by 2022. According to Goyal, this will reduce carbon emissions and contribute towards production of green energy. Eventually, it will help in environment protection.
According to media reports, Larsen & Turbo, Godrej & Boyce and Kirloskar Brothers have shown interest in the Rs 70,000-crore project.
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