India Considers Allowing Foreign Investment in Nuclear Plants

India Considers Allowing Foreign Investment in Nuclear Plants

As India looks to boost its nuclear power generation, the government is considering allowing foreign companies to own up to a 49% stake in Indian nuclear power plants, government sources told Reuters on Friday.  Even if India passes amendments in its nuclear foreign investment laws to allow up to 49% foreign stakes, any foreign investment will likely still need prior government approval, according to Reuters’ sources.  Currently, India has 8 gig…

India considers allowing 49% foreign stakes in nuclear power plants

India could allow foreign companies to take a stake of up to 49% in its nuclear power plants, three government sources said, as New Delhi draws up plans to open up its most guarded...