The Atomic Energy (Amendment) Bill, 2015, was introduced in the Lok Sabha today to amend the Atomic Energy Act. The Bill will enable Nuclear Power Corporation of India (NPCIL) to enter into joint ventures with other public sector undertakings to fast track nuclear power projects in the country.
The amendment was introduced to streamline the expansion of nuclear power, utility and establishment for peaceful purpose.
The Minister of State in the Department of Atomic of Energy (DAE) Jitendra Singh moved the The Atomic Energy (Amendment) Bill, 2015, as the government wanted to expedite nuclear reactor projects in order to meet the requirements of electricity and energy in India. The reports also said that the restrictions were being faced in terms of financial implications.
The move will help generate funds for major projects amid frequent concerns over lack of financial resources being raised by the DAE. The amendment will enable NPCIL, which is one of the PSUs of DAE, to enter into joint ventures with other government undertakings.
The government seeks to facilitate entry of the NPCIL for joint ventures with other PSUs, with the amendments.
After its passage by Parliament, a PSU with the Ministry of Power can collaborate with NPCIL and help in the common objective of generating nuclear power.
Source- India Today