2024-25 India Union Budget proposes an 800 MW AUSC thermal plant, energy storage policy with pumped projects, and nuclear energy development through SMRs.
India's Union Budget 2024-25 plans to establish an 800 MW advanced ultra super critical (AUSC) thermal plant using indigenous technology to enhance the country's power capacity. The budget also reveals a policy for energy storage, focusing on pumped storage projects. Additionally, the government aims to develop nuclear energy capacities through private sector collaboration, supporting research and development on small modular reactors (SMRs) for nuclear energy. SMRs offer potential advantages such as lower capital costs, scalability, and enhanced safety features. These efforts are geared toward ensuring India's energy security and stability amidst the growing share of renewable energy in the country's overall energy mix.
July 23, 2024
17 Articles