Speaking to media persons, S.K.Jain, the Chairman and MD of Nuclear Power Corporation said on 10th September’08, that consequent upon NSG waiver, India plans to import 24 light-water reactors in the next 10-15 years apart from installing 12 indigenous heavy-water reactors.
This is likely to boost up N-Power generation in India from the present 4000MW levels to around 52000MW levels by 2020 as per nuclear experts. This will be about 20% of the grid power at that time.
Total outlay for this leap in installed capacity would entail an investment of Rs. 2.4 lakh crore (60 billion USD) and would generate trade worth more than $40 billion globally. USA would be the single largest beneficiary from where India is likely to import most of the light-water reactors.
At home, NTPC, Tata Power, Reliance Power, L&T and Jindal would be among the key players that would have huge business opportunities now.
Secretary general, R.K.Chopra, of the Indo-American Chamber of Commerce sees good opportunities of global Nuclear trade for Indian firms when he says, “A number of Indian companies could become manufacturing hub for making nuclear-related parts and export them to US and other countries. India can even collaborate with bigger countries and export components to smaller countries.”
According to nuclear and trade experts, the NSG waiver would not only stimulate N-power generation, it will also boost up trades in high technology areas like pharma, semi-conductors, precision engineering, defense equipment, electronics, sensors, space automation, robotics etc.