Adani Power is set to enter the nuclear energy sector with a new atomic unit, marking a shift from thermal to nuclear energy production.
The company plans to replace its thermal plants with nuclear energy once existing power purchase agreements (PPAs) end, and may partner with an international firm for technology expertise. In the 2026-27 Budget, Finance Minister Nirmala Sitharaman proposed extending the exemption on basic customs duty for goods imported for nuclear power projects until 2035, regardless of the plant's capacity. This aims to support the growth of the nuclear energy sector. The Finance Ministry has allocated Rs 24,123.92 crore to the Department of Atomic Energy, with Rs 9,966.41 crore set aside for capital expenditure.
Under the SHANTI Act, the government is opening up the nuclear energy sector to help India meet its clean energy goals and strengthen energy security for the future.