Modi government may go slow on nuclear energy expansion: PwC
May 27 2014 , Mumbai
"Nuclear projects are not likely to be on the radar of the Modi government, at least for the next two years. It will first focus on increasing coal production, allocation and pricing, apart from clearing the balance sheets of distribution companies," PwC executive director energy utilities Sambitosh Mohapatra told PTI.
Rather than nuclear, the Modi government may focus on increasing wind and solar power capacity, especially when these models worked successfully in Gujarat, Mohapatra said.
The power, coal, and new and renewable energy portfolios in the Modi Cabinet are held by Piyush Goyal, who is from Maharashtra, where BJP ally Shiv Sena was opposing the 9,900 MW Jaitapur nuclear project.
Former Prime Minister Manmohan Singh had set a target of installing 20 GW of nuclear power capacity by 2020 and 63 GW by 2032.
In its election manifesto, the BJP promised to take steps to maximise the potential of oil, gas, hydel power, ocean, wind, coal and nuclear sources. The party said it considers energy efficiency and conservation crucial to energy security.
It also promised to expand and strengthen the national solar mission and come out with a responsible and comprehensive National Energy Policy.
The new government may reserve its policy decisions on nuclear energy as it had opposed certain measures taken by the UPA government, especially the Nuclear Liability Act.
The BJP plans to follow a two-pronged independent nuclear programme, unencumbered by foreign pressure and influence, for civilian and military purposes, especially as nuclear power is a major contributor to India's energy sector, according to the manifesto.