From Bloomberg, September 18:
After years of prevarication, lawmakers might be about to make it easier for investors to bet on nuclear power.
Welcome to our guide to the commodities powering the global economy. Today, reporter Rajesh Kumar Singh in New Delhi looks at why legal and geopolitical changes are pushing India toward nuclear energy at last.
The nuclear industry in India has endured years of optimistic projections with minimal progress.
That may be about to change, with legal amendments that could spur multibillion-dollar investments and a significant push away from coal.
The country’s scale, economic ambitions and a continued reliance on fossil fuels — even after an impressively swift expansion in renewable energy over the past decade — have long made nuclear an attractive option. At least in theory.
In practice, legislation has proven an insurmountable obstacle for outside investors.
Currently, the country holds supplier firms — in addition to the reactor operator — liable in the event of an accident, contrary to global convention.
That ultimately undid a deal under a 2008 accord intended to bring India back into the nuclear fold, working with suppliers such as General Electric Co. and Westinghouse Electric Co.
Now, lawmakers may consider scrapping that provision as early as the end of November, when parliament’s winter session begins, according to government officials aware of the development.
That prospect has already spurred private companies such as Tata Power Co. and Vedanta Ltd. to express an interest in operating reactors — a function previously reserved for state entities....
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Way back in 2010 we posted "India Orders Firms to "Scour the Earth" for Energy Supplies as President Obama Heads Over". For India, energy really is the key.
And most recently, September 3, 2025 - "This American nuclear company could help India’s thorium dream"
