Need innovative solutions to finance nuclear projects: Official

New Delhi: Financial preparedness, development of robust risk-sharing mechanisms, and innovative measures are needed for financing nuclear ambitions of India, Seema Jain, Member (Finance), Department of Atomic Energy said on Friday.

Speaking at the workshop on the SHANTI Act by the Central Electricity Authority (CEA) and NTPC Ltd, Jain said the evolution of financing institutional frameworks is needed to support large-scale nuclear deployment.

“Financing we will require all sorts of innovative measures to happen so that kind of money and financial space is made for the sector,” she said.


She underscored the importance of fostering global technological partnerships and developing innovative and financing mechanisms to accelerate the growth of the nuclear sector.


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India’s nuclear energy plans also need a secure and uninterrupted supply of nuclear fuel through diversification of sources and the establishment of long-term procurement arrangements, Ghanshyam Prasad, Chairperson, CEA said.

India brough the SHANTI Act in December 2025 allowing private sector to participate in nuclear energy generation and limiting liability of suppliers while aiming for 100 GW of installed capacity by 2047.

Gurdeep Singh, Chairman and MD, NTPC said that the Act has opened the sector for private participation, allowing industries to consider nuclear energy as a viable clean power source.


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However, there is a need to accelerate preparatory activities such as land identification and site studies to enable timely construction of new nuclear plants, he added.

Singh underlined the need for partnerships in technology and the supply chain.

Early formulation of rules and guidelines would facilitate faster progress, and ensuring long-term fuel availability, maintaining safety, and achieving broader energy security objectives are key requirements of the sector, he said.