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“Greater private sector participation in India's nuclear energy sector is essential for achieving ambitious energy targets, but it necessitates significant reforms in regulatory frameworks and liability laws." Comment

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Category: Polity (GS -II),

Test Date: 03 Oct 2024

Approach:

  • Introduction: Define the context of India's nuclear energy sector and its potential for growth. Highlight the importance of private sector involvement for achieving energy targets.
  • Current Challenges:
    • Limitations imposed by the Atomic Energy Act, 1962, and the role of the Department of Atomic Energy (DAE) and Nuclear Power Corporation of India Limited (NPCIL).
    • Regulatory uncertainties and ongoing legal challenges related to liability laws.
  • Need for Reforms:
    • Conducive regulatory framework that facilitates private investment
    • Reforms in the Civil Liability for Nuclear Damage Act to attract private players while ensuring public safety
    • Public-Private Partnerships, more accountability and transparency.
  • Wrap up your answer with way forward
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