Adani Power Forms Nuclear Energy Arm Amid Policy Shift Allowing Private Participation

The creation of Adani Atomic Energy Limited, a fully owned company devoted to producing, transferring, and distributing power from nuclear sources, has been announced by Adani Power. A ₹5 lakh initial investment was used to establish the new company. 

The action comes after the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act was passed, allowing the private sector to participate in nuclear power, an area that was previously banned by the Atomic Energy Act of 1962. Additionally, the law updates the civil responsibility system while maintaining compensation protections. 

As previously reported, Adani Power intends to gradually build up to 30 GW of nuclear capacity, with the long-term goal of replacing its thermal portfolio when power purchase agreements come to an end. For technology help, the business might look into foreign collaborations. 

In the Union Budget 2026–2027, the Center gave the Department of Atomic Energy ₹24,123.92 crore, which included ₹9,966.41 crore for capital expenditures, and extended basic customs tax exemptions on imports of nuclear projects until 2035. 

In order to support its clean energy and energy security objectives, India plans to increase its installed nuclear capacity from 8.7 GW to 100 GW by 2047. 

Source – The Economic Times