Minister calls for private sector and start-ups participation in critical technology
India taking steps for development of Small Modular Reactors (SMR), with up to 300 MW capacity, to fulfil its commitment to Clean Energy transition, Minister of State Science & Technology, Dr Jitendra Singh said on 27 Nov 2022.
Addressing a Workshop on Small Modular Reactors (SMR) organized by NITI Aayog and Department of Atomic Energy, Dr Jitendra Singh said, “The participation of private sector and start-ups needs to be explored in development of this critical technology within India.”
He emphasized that technology sharing and availability of funding are the two crucial links for ensuring commercial availability of SMR technology.
The exploration of new clean energy options is in line with the country’s roadmap for clean energy transition through bold climate commitments which are reflected in the updated Nationally Determined Contributions (NDCs).
Dr Jitendra Singh pointed out, “We have already taken steps for clean energy transition with penetration of non-fossil-based energy resources and achieving net-zero by 2070.
“Nuclear in terms of base load power can play a big role in the de-carbonization strategy. It is in this context that the role of nuclear energy will be critical for clean energy transition of not just India but for the entire world.”
Small Modular Reactors (SMR), with up to 300 MW capacity, by nature are flexible in design and require smaller footprint, he explained.
Being mobile and agile technology, SMR can be factory-built unlike the conventional nuclear reactors that are built on–site. Thus, SMRs offers significant savings in cost and construction time.
SMR is a promising technology in industrial de-carbonization especially where there is a requirement of reliable and continuous supply of power. It is said that SMR is simpler and safer as compared to large nuclear plants.
The Minister continued, “An impressive number of measures have been taken to promote renewable energy in the country and India today stands at number four in the RE installed capacity across the world, after China, Europe and the United States.”
He added that these measures also conform to the Government’s Aatmanirbhar Bharat goal, where India contributes significant value to global value chain.
It must be noted that India, comprising 17% of the world population, has seen its primary energy growing at rate of 4% during the last decade, almost double the global growth rate of 1.3%.
“However, by historical standards, our share in global emissions is less than 5%,” he added. fiinews.com
