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.
"As the government marks three years of its nation and people-centric governance, in a first of its kind project for India's nuclear power sector, the 10 new units will come up in fleet mode as a fully homegrown initiative."
These Pressurised Heavy Water Reactors will be installed under the purview of Department of Atomic Energy.
The sites where reactors will be set up include Mahi Banswara (Rajasthan), Chutki (Madhya Pradesh), Kaiga (Karnataka) and Gorakhpur (Haryana).
"The (union) cabinet's decision reflects the government's commitment to prioritise the use of clean power in India's energy mix, as part of low-carbon growth strategy and to ensure long-term base load requirement for the nation's industrialisation. It also supports India's commitment to sustainable development, energy self-sufficiency, and bolsters global efforts to combat climate change."