Nuclear power to cost Rs 4 a unit, half industry estimates
“We have conveyed to them that there is no subsidy available to nuclear power, neither is there a plan of the government to subsidise, so the first and foremost requirement is that the project proposals must ensure that the tariff is comparable to any thermal plant. I am using the term ‘comparable’ and we are very confident on that front,” he told Business Standard.
Even after factoring in the cost of waste disposal and decommissioning of the plant, this “tariff is unlikely to be above Rs 4 per unit,” he added. This is half the rate that industry officials were expecting.
Many of the nuclear deal critics were saying that nuclear power will cost about Rs.8 a unit – and some went to the extent of Rs.30 per unit. SK Jain has maintained that Indian ‘frugal engineering’ and our negotiations will lead us to a competitive power cost. If these figures are viable, what we will have is large amounts of spent fuel which can be used with thorium to power our Fast Breeder Reactors – 20 years from now.