Govt to allocate Rs 3k cr/year to boost N-power

Govt to allocate Rs 3k cr/year to boost N-power

Govt to allocate Rs 3k cr/year to boost N-power

The NDA government plans to allocate Rs 3,000 crore ($438 million) every year to augment India’s nuclear power generation in the next 15-20 years.

“The government plans to allocate Rs 3,000 crore ($438 million) annually to come up with a comprehensive plan, spanning 15-20 years, to augment nuclear power generation,” Union Home Minister Rajnath Singh said here on Sunday at an international conference on the rule of law for supporting the 2030 development agenda.

Without any elaboration from the government, it is not clear at the moment if the minister is referring to the sanctioned projects or whether the government is working on a new road-map. The Nuclear Power Corporation of India had stated that it had a target of creating about 14,500 Mwe of installed capacity by 2024.

While six nuclear power reactors with a total capacity of 4300 Mwe are under various stages of constructions, more indigenous reactors would come up in Haryana, Madhya Pradesh and Rajasthan. Russia too have agreed to construct two more 1000 Mwe reactors at Kudankulam.

The department of atomic energy, however, was allocated Rs 11,682 crore in the 2016-17 Budget with a marginal hike of Rs 299 crore. “The tax on coal, which fires more than 60 per cent of the nation’s generation capacity, will now be increased to Rs 400 a metric ton from Rs 200 per ton. Taxing coal and promoting nuclear energy shows the government’s commitment to the environment,” Singh said.

In the Budget, Finance Minister Arun Jaitley enhanced the clean energy cess on coal to Rs 400 per metric ton from the existing level of Rs 200. The same increase is valid for lignite and peat too.

The doubling of the cess – third time since 2010 – would swell the National Clean Energy Fund that supports several government programme on green energy and ecological protection.

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