India is urged to review green financing rules and build workforce for nuclear expansion
India must'review its financing rules' and 'develop a better talent pipeline to reach its ambitious goal of increasing?nuclear energy capacity to 100 Gigawatts by 2047.
Abhay Karandikar is a member of the top government think-tank NITI Aayog. He said that India's green bond framework and green deposit rules, which do not currently cover nuclear investments, need to be revised.
India opened its tightly controlled nuclear industry to private companies last year in an effort?to attract technology and foreign investment.
South Asia expects the industry to require investment of nearly $210?billion in order to increase capacity from its current?level? of 8.8 GW.
Karandikar, who spoke at PowerGen India’s event in New Delhi, said that global financial institutions, such as the World Bank have begun reviews to support investment into nuclear projects.
Industry executives have said that the shortage of specialised training and education is a serious concern. They noted that the clean energy sector in this country is already experiencing a talent crisis.
Kalirajan S., managing director of EDF Nuclear Projects India Ltd, stated that there is a shortage of nuclear courses in India. This includes schools and top universities.
France's EDF is?conducting a certification programme with vendors in India? and plans to expand these further to help develop the local nuclear supply chain.
Karandikar stated that NITI Aayog formed a committee to examine?how India can expand its nucleo expertise at all levels - from technicians to research & development.
(source: Reuters)
