Small Modular Reactors:
The Indian Government is considering offering incentives, similar to a production-linked incentive (PLI) scheme, to encourage the manufacturing of small modular reactors (SMRs) with the goal of increasing nuclear power’s share in India’s energy production.
- The government aims to attract private investments and scale up SMR production to reduce costs.
- PLI schemes, introduced in 2020, provide financial incentives based on a share of the sales value and have been implemented in various sectors.
- Small modular reactors (SMRs) are advanced nuclear reactors with a power capacity of up to 300 MW(e) per unit.
- This is about one-third of the generating capacity of traditional nuclear power reactors.
- SMRs are smaller than conventional nuclear reactors and can be built in one location, such as a factory, then shipped, commissioned, and operated at a separate site.
- This offers significant savings in cost and construction time.
- SMRs Can produce a large amount of low-carbon electricity