India's Nuclear Ambitions Hindered by New Regulatory Framework
India’s nuclear power ambitions face significant challenges due to a new 90-page rulebook that has deepened mistrust between state-owned NPCIL and private firms like Reliance and Adani. This framework, perceived as favoring state control, restricts private investors’ operational autonomy and creates barriers to their participation, hindering the potential for nuclear energy expansion amid a push for clean energy. The government’s intent to incorporate private capital into nuclear projects is thwarted by historical concerns over safety and sovereignty, which complicates the establishment of a truly collaborative environment. Without significant regulatory reform, India’s nuclear vision risks stagnation, potentially driving investment towards more accessible energy sectors.
