Naveen Jindal Group is exploring more than 9 states to set up nuclear projects of 18 GW | Today’s news
New Delhi: The Naveen Jindal Group is exploring multiple sites in at least nine states, including Gujarat and Odisha, to set up high-capacity nuclear projects, a group official familiar with the development said.
The conglomerate is also in talks with various players to explore partnership opportunities for nuclear power technologies, the official said.
As part of its energy diversification strategy, the group aims to set up 18 GW of nuclear power plants with multimillion-crore investments and contribute to the government’s ambitious target of 100 GW of nuclear capacity by 2047.
The steel, mining, power, renewables and real estate group has planned a foray into the nuclear space with Jindal Nuclear Power Private Limited, a wholly-owned subsidiary of Jindal Renewables.
“Discussions are ongoing and we are actively working with several state governments,” a group official said.
The official, who did not want to be identified, said the group is looking at locations in more than nine states.
When asked for details, the official said they are mostly coastal states like Gujarat, Odisha, Andhra Pradesh, Tamil Nadu and also Jharkhand and Chhattisgarh.
Sites are evaluated on parameters including land availability, water resources, geological and seismic suitability, transmission connectivity, regulatory readiness and long-term project viability.
Regarding the size of the projects, the official said the plan is to build these nuclear power plants with the installation of Large Module Reactors (LMRs) of 700 MW and above.
Citing industry estimates, the official said the investment is worthwhile ₹15,000- ₹20,000 crore is needed for each 1 GW nuclear power plant and takes approximately three years from conception to commissioning.
The group also cooperates with several parties for the acquisition of nuclear technology.
