|Rediff India Abroad Home | All the sections|
Reliance 'plans' Nuclear power station
October 31, 2004 18:18 IST
To fulfil the baseload requirements of the country, Reliance Energy is looking at possibilities to set up Nuclear Power stations.
"However, this requires a lot of support from the government", Dr V K Chaturvedi, the newly-appointed director of New Power Initiative of Reliance Energy said in Mumbai on Saturday. He added that perhaps for the first time in the country any private company would be entering the nuclear power market.
Chaturvedi, who was the former CMD of Nuclear Power Corporation of India Ltd (NPCIL), said, "It will be necessary to have technical support from the Department of Atomic Energy and NPCIL".
As soon as the amended Atomic Energy Act gets clearance from parliament on private participation in the nuclear energy production in the country, Reliance Energy would be the first company to come forward to set up nuclear power plants, Chaturvedi claimed.
The idea is to meet the high energy demand of the country in view of depletion of fossil fuel in the coming years, he said. For the country's expected demand of 600 to 700 gigawatts of electricity by 2050, "the new resources should be looked into without any delay," he said on the sidelines of the Founder's Day Celebration at Bhabha Atomic Research Centre during the weekend.
Other renewable sources that Reliance Energy is working on are wind and solar energy, mainly to cater the requirements of isolated places where there is no connection from the main grid.
More reports from Maharashtra
Read about: Telgi case | Mumbai blasts