Adani Group Considers Foray Into India’s Nuclear Power Sector Through PPA
Group seeks public-private partnership framework and liability law clarity to invest in India’s nuclear energy expansion
New Delhi, Nov 29 : The Adani Group is actively exploring opportunities to enter India’s nuclear power sector, signaling its intent to expand into one of the country’s most strategic energy segments. Jugeshinder Singh, CFO of the conglomerate, said the group’s participation would depend on the government establishing a viable public-private partnership (PPA) framework.
“If the government can devise a PPA model, we would be very much interested,” Singh said, adding that clear liability laws are also essential for efficient execution of nuclear projects.
Singh highlighted that the Adani Group could take on projects similar to existing international nuclear reactor collaborations, leveraging its expertise in large scale infrastructure development.
The interest aligns with Prime Minister Narendra Modi’s recent announcement to open India’s highly regulated nuclear sector to private players. The move is aimed at accelerating the nation’s path to carbon neutrality, with nuclear energy regarded as one of the cleanest forms of power due to its zero carbon emissions.
The Atomic Energy Bill, 2025, slated for introduction in the Winter Session of Parliament, represents the first major amendment to India’s nuclear laws since 1962. It seeks to strengthen regulatory frameworks and encourage private participation.
Currently, India operates 23 nuclear reactors managed by the state-owned Nuclear Power Corporation of India Ltd (NPCIL), with a total installed capacity of 8.8 gigawatts. The government aims to expand this to 100 gigawatts by 2047, offering a significant opportunity for private players like the Adani Group to contribute to the country’s nuclear energy ambitions.
