Adani Power moves into nuclear energy

Bengaluru: India's Adani Power said on Thursday it has formed an atomic energy-focused unit, becoming one of the first privately held utilities to publicly disclose its interest in the newly opened nuclear power sector.
Adani Atomic Energy Ltd will generate, transmit and distribute electricity derived from nuclear energy sources, the company said, without providing further details.
The move comes as India opens its nuclear power sector to greater private participation to meet rising electricity demand and curb carbon emissions. The government is targeting a sharp increase in nuclear capacity over the coming decades as part of its clean energy push.
So far, state-run Nuclear Power Corporation of India owns and operates the country's fleet of nuclear power plants, which have a total capacity of 8.8 gigawatts.
Tata Power CEO said last week on post-earnings call that the company was evaluating three sites for nuclear projects. _ Reuters