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SENSEX 85,231.92
-400.76
NIFTY 26,068.15
-124.00
NIFTY 26,068.15
-124.00
CRUDEOIL 5,197.00
-66.00
CRUDEOIL 5,197.00
-66.00
GOLD 124,173.00
+ 1,446.00
India is counting on baseload supplies from coal and nuclear power to meet evening peaks in electricity demand, when nearly 130 gigawatts of solar capacity goes off the grid
India has allowed old nuclear power plants to collect additional revenues, helping state operator Nuclear Power Corp. of India Ltd. fund new projects and support existing ones.
Plants that have operated for at least thirty years can charge consumers an additional 0.5 rupees ($0.0056) per kilowatt hour, according to a notification published on the Central Electricity Authority website on Friday. The “special incentive” is part of a broader atomic power pricing policy that will be effective retroactively from April, 2022, for five years.
India is counting on baseload supplies from coal and nuclear power to meet evening peaks in electricity demand, when nearly 130 gigawatts of solar capacity goes off the grid. The nation has set an ambitious target to expand nuclear power capacity to 100 gigawatts by 2047. Meeting that goal will require state monopoly NPCIL to generate more income to invest as equity.
India currently has about , and about a fifth of that has been operating for more than three decades, making those plants eligible for the grant. Nuclear power accounts for less than 2% of India’s installed electricity generation capacity. India’s nuclear power plants earned an average 3.83 rupees a kilowatt hour in the fiscal year through March, 2025.
The government is in the process of amending the country’s nuclear laws to attract private investors and supplement NPCIL’s efforts.
More stories like this are available on bloomberg.com
Published on November 23, 2025