Power Play: Adani Goes Atomic to Lead India’s Energy Future

Adani Power is preparing to enter the nuclear energy sector with plans to establish a new atomic power unit, signalling a strategic shift from thermal power generation to nuclear energy.

The company intends to transition from its existing thermal plants to nuclear energy once current power purchase agreements (PPAs) expire. It is also considering a partnership with an international firm to access advanced nuclear technology and expertise.

In the 2026–27 Union Budget, Finance Minister Nirmala Sitharaman proposed extending the exemption on basic customs duty for goods imported for nuclear power projects until 2035, irrespective of plant capacity. The move is aimed at accelerating the development of the nuclear power sector. The Ministry of Finance has allocated ₹24,123.92 crore to the Department of Atomic Energy, including ₹9,966.41 crore earmarked for capital expenditure.

Additionally, under the SHANTI Act, the government is taking steps to open up the nuclear energy sector to broader participation, supporting India’s clean energy ambitions and strengthening long-term energy security.

News by Rahul Yelligetti.