The Union Cabinet has taken key decisions with the goal in mind of making India self sufficient in energy.
In a decision aimed at boosting use of clean power in India’s energy mix and domestic nuclear industry, the Cabinet approved building of 10 units of indigenous Pressurized Heavy Water Reactors for India.
This decision will add 7,000 MW capacity and generate orders of almost Rs 70,000 crores to the domestic industry.
The 10 reactors to be built would have state-of-the-art & highest safety standards and joint ventures with private players will be explored.
A transformational policy for coal linkages, SHAKTI or Scheme for Harnessing and Allocating Koyala Transparently in India too got Cabinet nod to ensure transparency and more efficiency in the power sector.
Its main features are transparent bidding for coal linkages, elimination of discretion in allocation, competition to reduce power tariffs, ensuring 24 by 7 affordable power for all, ensuring coal to all power plants, and assisting in revival of stressed assets of banks exposed to the power sector.
This transformation policy comes on the back of power sector reforms that have brought down the cost of power and made electricity more accessible.