Nuclear Sector Welcomes RS. 3,000 crore yearly allocation – Feedback

Nuclear power generation capacity is built over a period of time and Finance Minister Arun Jaitley’s announcement of a Rs. 3,000 crore yearly allocation for the next two decades is certainly a welcome move, said a top atomic energy official.

“The nuclear power capacity will be built in a steady pace over a period of time. The plans for capacity addition will be made based on the money on hand. With the Atomic Energy Act being amended, other public sector companies can invest in this sector,” Atomic Energy department Secretary Sekhar Basu told IANS. The Rs. 3,000 crore per year over the next 15-20 years stated by Mr Jaitley will be over and above the current annual allocations for the sector, he said, adding that presently the plan is to build 10 reactors with a power generation capacity of 7,700 MW.

http://profit.ndtv.com/news/budget/article-budget-2016-nuclear-sector-welcomes-rs-3-000-crore-yearly-allocation-1282498

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