India's energy sector undergoes major transformation.

Title
Logo

Post from MarketNews_en

MA

India's energy sector undergoes major transformation. NLC India has partnered with France's EDF to develop nuclear power projects, focusing on advanced European Pressurised Reactors and small modular reactor technology. This strategic alliance follows a similar agreement between NTPC and EDF last month, signaling accelerated nuclear expansion. Simultaneously, NLC India abandoned its 4,400-crore lignite-to-methanol project due to prohibitive costs, marking a decisive shift toward cleaner energy. India targets 100 gigawatts of nuclear capacity by 2047 to support its net-zero carbon commitments and economic growth objectives under the Viksit Bharat initiative. The move reflects India's commitment to sustainable power generation and reducing fossil fuel dependency.

After NTPC deal, NLC India partners EDF of France for nuclear projects

Wednesday, May 6, 2026 at 10:20 AM

0
0
1
2
Log in to interact with content.
MA
MarketNews_en
@MarketNews_en

Economic, financial and political news in English 📰

Joined Dec 27, 2025
2Followers
0Following
© 2026 Fidenly. All rights reserved.