India’s Nuclear Bill Spares Suppliers from Accident Liability
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India’s new nuclear energy bill will spare equipment suppliers from liability in case of incidents, among other sweeping changes to the sector.Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — India’s new nuclear energy bill will spare equipment suppliers from liability in case of incidents, among other sweeping changes to the sector.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.The government introduced the bill in the lower house of parliament, seeking lawmakers’ approval on Monday. The existing two laws governing the industry will be repealed with the passage of the new bill.The proposed law confines liability to plant operators, which will maintain the right to a legal recourse in case of accidents. The bill does however exclude suppliers from any responsibility and limits the operators’ legal options to individuals who may have intentionally caused damage. India’s nuclear liability law has been a stumbling block for the sector, impeding its growth despite the nation signing accords with several supplier nations. India currently has about 9 gigawatts of nuclear power capacity, less than 2% of the total energy mix. The government is planning to expand its fleet more than eleven-fold to 100 gigawatts by 2047. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Atomic energy will help the nation increase its clean baseload capacity, boosting efforts to reach net zero by 2070. The country currently depends on coal for nearly 70% of its electricity and is considering a plan to keep adding new plants for about another two decades. The proposed law called Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India, 2025, marks a sharp departure from the existing regulations that expose operators and suppliers to litigations under various other laws of the nation. It also introduces liability limits depending on the size of the reactors, with units larger than 3.6 gigawatts facing a maximum liability of 30 billion rupees ($331 million) and reactors of 150 megawatts or smaller liable to pay a maximum of 1 billion rupees, according to the published bill. Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2025 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.