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The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act, 2025 allows private sector participation, under a license from the Central Government, to undertake which of the following?
1. Plant operations
2. Power generation
3. Equipment manufacturing
Select the correct answer using the code given below.
Explanation
The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act, 2025 (reflecting the policy shift initiated in the Union Budget 2024-25) marks a landmark transition from the state monopoly established by the Atomic Energy Act, 1962. The Act enables private sector participation in the nuclear value chain through a licensing regime overseen by the Central Government. Key provisions include:
- Plant operations: Private entities are permitted to manage and operate nuclear facilities, with a focus on Bharat Small Reactors (BSRs) and Small Modular Reactors (SMRs).
- Power generation: It allows private players to generate nuclear energy and sell it to the grid, diversifying the energy mix.
- Equipment manufacturing: It streamlines and expands the role of private industry in manufacturing specialized reactor components and advanced nuclear technologies.
This reform aims to leverage private investment and innovation to achieve India's net-zero targets and enhance energy security.
SIMILAR QUESTIONS
Which of the following is/are the measure/measures undertaken by the Government of India to promote the production of Compressed Bio-Gas (CBG)?
1. Central financial assistance for setting up of plants for generation of Bio-CNG
2. Inclusion of CBG projects under Priority Sector Lending
3. Concession on customs duty for the import of machinery required for setting up of projects
Select the correct answer using the code given below.