India is one of the world's largest energy consumers.

December 6, 2021
The IEA believes that by 2040 India will account for 25% of the increase in global energy consumption.

Andrey Shevlyakov, CEO of Rosatom South Asia

Today, over 60% of India's electricity is generated by fossil fuel power plants that cover the high demand for energy from growing industries. At the same time, the fact that India has signed and ratified the Climate Agreement has set the country on the track for reducing emissions of CO2 and other greenhouse gases significantly in a short period. This implies both a reduction in the overall energy intensity of the Indian economy and the country's transition from predominantly coal-fired energy generation to generation using more environmentally friendly sources.

At the same time, I must emphasize that the energy policy of any country is an internal matter of this country. We believe that setting certain targets and indicators, be it for renewables or nuclear energy, should not become a goal in itself. Energy programs, in our opinion, should have a balanced approach, and we, in turn, are ready to offer India the best technological solutions both in the field of nuclear energy and in the new promising areas, in addition to building nuclear power plants.

In the field of nuclear energy, the starting point for the cooperation between Russia and India was the 1988 interstate agreement concluded on constructing two nuclear reactors in India. This document determined the future of our relations for decades to come. 

In October 2018, we signed an action plan to prioritize and implement areas of cooperation in the field of nuclear energy. In particular, the parties expressed their intention to develop a project for the construction of 6 Russia-designed nuclear power plant units in India at a new site (currently we are continuing the construction of 6 Kudankulam NPP power units, two of which have already been commissioned in 2014 and 2017, respectively, together with our Indian partners). A final decision on the new site has not yet been made, but we are continuing consultations. We believe that there is no room for haste decisions in the nuclear sector. All the decisions on nuclear projects should be well verified, calculated and balanced. We have been cooperating with India for a long time in the field of peaceful nuclear energy and we do not doubt that we will continue implementing joint projects, mutually beneficial for our countries.

Additionally, cooperation with Russian companies provides Indian companies not just the opportunity to exchange experience and knowledge in the latest technologies, but also to partner for developing projects in the foreign markets. In March 2018, Rosatom State Corporation, the Ministry of Science and Technology of the People's Republic of Bangladesh and the Atomic Energy Department of the Government of India signed a trilateral Memorandum of Understanding on cooperation in the implementation of the Ruppur NPP project in Bangladesh. 

I’d also like to point out India's plans for developing renewable energy sources. By 2030, India is planning to significantly increase the generation of energy from renewable energy sources. At the same time, Rosatom is also actively expanding into the field of wind energy, and we believe that our countries have mutual interests not just in the field of the peaceful atom, but also in the field of renewable energy and other non-energy solutions. For example, while India is rolling out a program to create manufacturing facilities and plans to invest heavily in energy storage projects, Rosatom, too, has a separate department handling this segment, hence this is another area where we are ready to offer our Indian partners various options for cooperation.