New Delhi, June 12 (IANS) The government has exempted customs duty on imports of specified goods used for nuclear power generation for the period from April 1, 2019, to January 31, 2026.The exemption was notified by the Ministry of Finance and applies retrospectively, effectively removing customs liability on eligible imports made during the nearly seven-year period.According to the notification, the relief covers imports of non-irradiated fuel elements and cartridges used in nuclear reactors.Th…
Latest Nuclear Power News & Updates
New Delhi, May 23 (IANS) India has moved a significant step closer towards long-term energy self-sufficiency after its indigenously developed 500 MW Prototype Fast Breeder Reactor (PFBR) at Kalpakkam in Tamil Nadu achieved criticality — a stage at which a nuclear reactor attains a controlled and self-sustaining chain reaction for the first time, a report said.According to an analysis by Business Report, the milestone marks India’s entry into an elite group of nations possessing advanced fast …
Mumbai, May 20 (IANS) Chief Minister Devendra Fadnavis on Wednesday said that Maharashtra is ready to lead the transition in the nuclear energy sector and appealed to American companies to invest in the state. He further stated that Artificial Intelligence (AI), data centres, semiconductors, green hydrogen, electric mobility, and advanced manufacturing are driving a massive surge in the demand for stable and uninterrupted power.Long-term industrial growth cannot rely solely on solar and wind ene…
New Delhi, May 11 (IANS) The Prototype Fast Breeder Reactor (PFBR) in Tamil Nadu’s Kalpakkam achieved criticality recently, marking a first, and paving the way for India to realise its own nuclear power generation dreams. “This nuclear breakthrough will go a long way in making India self-sufficient amidst highly volatile situation in the West Asia and will also strengthen India’s indigenous capability given its corresponding thrust in the Budget 2025-26,” a leading portal Business Report said.In…
Hanoi, April 23 (IANS) South Korea’s President Lee Jae Myung and Vietnam’s top leader To Lam agreed to advance cooperation in energy and infrastructure during summit talks, including Vietnam’s possible revival of its nuclear power programme, Seoul’s top security official said on Thursday.In Wednesday’s talks, Lam, who serves as general secretary of the Communist Party, “welcomed” Korean companies’ participation in Vietnam’s energy transition, including the potential construction of a nuclear pow…
New Delhi, April 23 (IANS) The renewable energy and electric mobility sectors in India are set to generate large-scale employment opportunities in the coming years as India accelerates its transition towards a green economy, Union Minister Dr. Jitendra Singh said on Thursday.Addressing a conference on environmental sustainability at Jamia Millia Islamia on the occasion of Earth Day, the minister said emerging green sectors such as renewable energy, electric mobility, green fuels and circular eco…
Washington, April 22 (IANS) A Senate hearing on the US energy budget exposed deep partisan divisions, with officials backing fossil fuel support for reliability and critics accusing the administration of raising costs and cutting clean energy programmes.At the hearing of the Senate Energy and Natural Resources Committee, Energy Secretary Christopher Wright defended the administration’s strategy, saying the focus was on “delivering reliable, affordable and secure energy for the American peopl…
Washington, April 21 (IANS) Nuclear power and natural gas could anchor the next phase of India-US energy cooperation, as both countries look to cut costs, diversify supply chains and strengthen long-term energy security, according to a US-based expert.“There are plenty of opportunities right now,” said Dinsha Mistree, from the Hoover Institution of the prestigious Stanford University, pointing to nuclear energy as “very critical” for future collaboration between India and the United Stat…
Stanford, April 18 (IANS) Nuclear power could anchor India’s energy independence, former US Energy Secretary and Nobel Laureate Steven Chu said, warning that geopolitical tensions are exposing vulnerabilities in global fuel markets.Chu, who led US energy policy during a period of expanding clean energy cooperation with India, said the bilateral relationship had been strong and focused on sustainability goals.“Well, when I was energy secretary, I had really close warm relationships with my co…
Washington, April 15 (IANS) War in the Middle East is threatening to slow global growth and push up prices, IMF officials warned, as supply disruptions spread across energy markets and trade flows.The International Monetary Fund said the conflict has created “exceptional uncertainty” in the global outlook, forcing a reassessment of forecasts. Deputy Managing Director Bo Li said all scenarios now point to “higher price and lower growth and slower growth.”The impact is already visible acro…