Adani Group’s big announcement, will build nuclear plant if given opportunity in private sector

For the first time, the path for entry of private companies seems to be opening in India’s nuclear power sector. Prime Minister Narendra Modi had recently indicated that the government may soon open the country’s strictly regulated nuclear sector to private investors, so that India’s energy security and production capacity can be strengthened. Within 24 hours of PM’s announcement, Adani Group has shown strong interest in entering this field.

Nuclear power project can start on PPP model

Adani Group has said that if the government introduces Public-Private Partnership (PPP) model in nuclear power, then the company is fully ready to participate in it. The group also said that if the biggest challenge related to nuclear projects is the liability law, i.e. the laws that determine responsibility in case of an accident, are clearly decided, then it will become much easier for private companies to work in this sector. Adani Group says that if foreign companies like EDF can build nuclear reactors in India, then Indian companies can also do this work well.

Adani Group’s mega plan for funds

Meanwhile, Adani Group has also given a big update regarding its big investment program. The company is working on a capital expenditure (capex) plan of Rs 1.57 lakh crore in the coming time. To fund this mega plan, the company is preparing to raise a loan of about Rs 90,000 crore. According to Adani Group CFO Jukhshinder Roby Singh, the company has so far made a capital investment of about Rs 80,000 crore. The remaining amount will be raised through a mix of internal sources and equity. According to Singh, about Rs 36,000 crore is expected to come from internal sources, while about Rs 44,000 crore will be raised through external debt and equity. In this way, overall the company will raise an amount equal to the capex target of Rs 1.57 lakh crore.

India will be self-reliant in nuclear power

The entry of private companies in the nuclear sector can bring a decisive change in India’s energy strategy. If the policy and liability rules are clear, then the involvement of companies like Adani can open a new chapter of large-scale nuclear energy production and technological self-reliance in the country.