Insuring India's nuclear power assets: How much cover is good enough?

While GIC-Re is trying to convince project developers a Rs 15-billion cover is sufficient, a larger pool would place additional burden on govt-run insurers, as private involvement is limited

Does a Rs 15-billion insurance cover serve the expanding nuclear business in India? Even though the target of 63 GWe of nuclear power by 2032 set by its National Energy Policy looks far too ambitious to achieve, the scaled-down 22 GWe would also need more insurance cover. 

It is one of the key themes for global nuclear industry captains and Indian insurance companies, as they gather for the two-day India Nuclear Business Platform in Mumbai this week. It also makes private companies reluctant to invest in the Indian nuclear projects, giving state-run ventures like those from Russia and France an