9 per cent of India's electricity to come from nuclear sources by 2047: Jitendra Singh - Economic Times
9 per cent of India's electricity to come from nuclear sources by 2047: Jitendra Singh - The Economic Times
Jitendra Singh said on Sunday. The
Science and Technology minister made these remarks after reviewing the functioning of the
Bhabha Atomic Research Centre in Mumbai.
Singh said the rising share of nuclear power in India's energy basket would help it get closer to the commitment of achieving the net zero target by 2070.
He said the
Department of Atomic Energy has been given the target of achieving 20 gigawatts (GW) capacity of nuclear power generation by 2030, which will make India the third-largest producer of atomic energy in the world after the US and France.
Singh said the credit for this rapid stride goes to Prime Minister Narendra Modi who took the decision of approving 10 reactors in a fleet mode in a single order and also allowed nuclear installations to be developed under joint ventures with PSUs.
India has the sixth-highest number of functional nuclear reactors in the world and the second-highest number of reactors, including those under construction.
During 2021-22, nuclear power reactors generated 47,112 million units of electricity, about 3.15 per cent of the total electricity generated in the country, Singh had told Lok Sabha last week.
The present installed nuclear power capacity is set to increase from 6,780 megawatts (MW) to 22,480 MW by 2031 on progressive completion of projects under construction and accorded sanction, Singh had said.
Musk likely to Visit China this Weekend, Stop at Tesla Unit
Elon Musk will be in China for a visit from Saturday, with a possible stop at Tesla Inc.’s Shanghai factory, according to people familiar with the plans. Musk’s visit would come at a time of heightened tensions between China and the U.S. over everything from an alleged Chinese spy balloon being shot down over American skies to Beijing’s partnership with Russian President Vladimir Putin amid his country’s war in Ukraine.
Top Rung at New-age Cos Faces Pay Freeze
Several startups and ecommerce companies are likely to freeze salaries for the senior management during appraisals, as they step up cost-cutting measures to survive a deteriorating funding environment.
You’re likely Paying More if Buying from Ads Online
If you saw a Facebook ad recently for Jeremy’s Razors, which bills itself as a “woke-free” razor for men, you may well be a father of school-age children who likes Ultimate Fighting, Hershey’s chocolate, hunting or Johnny Cash. This is according to Facebook’s ad library, which describes the audiences to whom marketers target their advertisements.
Read More News on
Business News,
Breaking News Events and
Latest News Updates on
The Economic Times.)
Download The Economic Times News App to get Daily Market Updates & Live Business News.
ETPrime stories of the day
Related Knowledge Center: ENERGY BASICS: nuclear
Nuclear energy provides almost 20 percent of the U.S. electricity supply. Advocates have called for an expanded role for nuclear as an emissions-free fuel source. But the economics of building new reactors are daunting. In addition, lingering safety concerns are an institutionalized part of the calculation of nuclear regulation, and highly radioactive nuclear waste remains a can that public officials have been inclined to kick down the road. The Energy Information Administration projects a sharp decline in nuclear power generation over the next decade, as new nuclear plants — two are planned — are more than offset by anticipated retirements of several operating reactors.