Chennai, Jan. 3 -- Credit rating agency India Ratings and Research expects that allowing private engineering, procurement, and construction (EPC) players in India's nuclear energy sector to provide a long-term sustainable order book for established entities, while the risks of liability persist.
Recently, the government cleared the Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, a reform that allows for a dilution of the public sector/government monopoly over India's atomic energy sector.
This is aimed at meeting India's long-term target of 100GW nuclear capacity by 2047 by allowing the participation of private players.
Previously, EPC entities have been receiving small package orders from th...