To supplement India's green energy programme, the Centre will soon incentivise the private sector to set up small modular nuclear power plants under the public-private partnership (PPP) model. The NITI Aayog will soon start consultations with stakeholders for the same, a report in the Economic Times (ET) said.
Small modular nuclear reactors (SMRs) require less capital and space than traditional nuclear power plants. They have a power generation capacity of 300 MW per unit, one-third of regular nuclear plants. It generally takes five years to make one SMR.
NITI Aayog will also issue guidelines and regulations keeping in mind the