SHANTI Act Unlocks State JVs for Nuclear Power: NPCIL to Accelerate Expansion

• The SHANTI Act now permits Nuclear Power Corporation of India Limited (NPCIL) to form joint ventures with state governments for nuclear power projects.
• Previously, nuclear power development was restricted to central government entities, with states and private companies excluded as equity partners.
• State participation is expected to significantly ease execution bottlenecks like land acquisition, water-use clearances, and local administrative permissions.
• Joint ventures can facilitate long-term power purchase agreements (PPAs), improving offtake certainty and payment security for projects.
• This move aims to accelerate India's nuclear expansion plans, targeting 100 GW by 2047, by aligning central and state interests.

Why It Matters: SHANTI Act empowers state JVs with NPCIL, accelerating India's nuclear power expansion by easing hurdles.