48
SHANTI Bill 2025: The Indian Parliament has adopted the SHANTI Bill 2025, the new legislation marks a significant departure in the way India perceives and utilises nuclear energy. As a measure of reform in relation to India’s clean energy vision, the proposed legislation is a balance between growth and security with a mix of public and private engagement.
What is the Full Form of SHANTI Bill?
The Full Form of the acts name, SHANTI Bill which stands for Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India. This name aptly reflects the intentions of the Indian Government to promote nuclear energy as a means of low carbon conversion in the future and the upgrading of an outdates law.
What is the Nuclear Bill?
In essence, for SHANTI Bill there are two major acts that are to be replaced namely the Atomic Energy Act of 1962 and the Civil Liability for Nuclear Damage Act of 2010. The government is targeting combining these acts into one in order to simplify licensing, liability, regulations and dispute resolution in civil nuclear matters.
What is the Civil Nuclear Sector?
The civilian nuclear sector involves the production of nuclear power as well as the peaceful uses of radiation in the fields of healthcare, agriculture, industries and scientific research. The civilian sector does not encompass military activities and it still needs to be regulated tightly in respect to safety, security and environmental concerns.
Which Country is No. 1 in Nuclear Power?
The United States is the leading country in the production of nuclear power by France and China. However, compared to other nations it is the capacities of countries like India are smaller and this is why the SHANTI Bill proposes to fill.
What is the Nuclear Law in India?
In the past, Nuclear sector in the country was a monopoly of the state with NPCIL controlling the operations of the plants. However, the SHANTI Bill provides the first possibility of joint venture or privatization while the fuel enrichment, reprocessing and management of waste are to be carried out by the central government.
Why is Bill Gates investing in Nuclear?
Globally investor such as Bill Gates view nuclear energy as a base load, low carbon source that is suitable for combination with other types of renewable energy. New models for advanced reactors promise greater efficiency and safety to make nuclear energy very attractive for nations that are pursuing goals related to achieving net zero carbon emissions.
What is the Nuclear deal with Manmohan Singh?
The 2008 India-US civilian nuclear deal led by Ex Prime Minister Manmohan Singh, brought an end to India’s nuclear isolation. Singh’s government gained access to worldwide nuclear fuel and technology without having to sign the NPT.
What is the Current Situation of Nuclear Energy in India?
India has more than 20 operational reactors with an installed capacity of slightly over 8 GW. The Ian is to reach to 100 GW by the year 2047 with new technologies like the Small Modular Reactors are key in the strategy.
What is the Need for Reforms in Nuclear Governance in India?
Despite the ambitious targets set by the government and the delays of numerous projects with a lack of public funding and the demand for the technology changes the need for reform. The government opened the sector to the involvement of the private sector because it will provide capital and efficiency. Giving the legal support to the regulator will ensure effective regulations.
How Much Will Nuclear Cost?
A nuclear power station is capital intensive and this means constructions cost are high. Although the costs of operating a nuclear power station are competitive such as funding, safety and disposal raise the costs beyond those incurred by solar and wind power.
In India, developing 100 GW of nuclear power by 2047 is estimated to require around Rs. 15 lakh crore Electricity from the nuclear power costs about $70 to $110 per megawatt or hour (MWh) globally
Comments are closed.