ReNew’s Sumant Sinha backs cheaper nuclear power for India
In short
ReNew’s Sumant Sinha says cheaper nuclear power could replace coal in India. The report says India wants to raise nuclear capacity from 8.8 GW to 100 GW by 2047, and that this may need about Rs 15 lakh crore.
This matters because lower nuclear costs could affect power planning and big energy investment. The source does not say whether any new project or policy has been approved.
What the reporting says
ReNew chairman and CEO Sumant Sinha said nuclear projects could replace coal in India, according to the reporting. He said reducing the high setup costs of nuclear plants is crucial for wider adoption, while India aims to raise nuclear capacity from 8.8 GW to 100 GW by 2047. The article also says the required investment may be about Rs 15 lakh crore, though no policy decision was announced.
Why it matters
Sumant Sinha of ReNew argued that nuclear power could be a viable alternative to coal in India if setup costs fall. The reporting ties that view to India’s stated target of 100 GW nuclear capacity by 2047, up from 8.8 GW, and an estimated investment need of Rs 15 lakh crore. The source does not say whether ReNew will invest or whether any government decision has changed.