The Indo-US nuclear deal and waiver granted to India from the Nuclear Suppliers Group (NSG) has opened the country to global nuclear commerce. With access to global technological advances and uranium fuel supplies, the country renewed an ambitious nuclear energy programme creating a huge demand for equipment and services. The report shows the current size and share of nuclear energy as well as short-term and long-term targets indicating a demand ranging anywhere between USD 80 bn to USD 200 bn over the next twenty years. A detailed table shows the recent market activity including recent deals, opportunities being explored, and investments by foreign players, domestic private and government organizations. The major issues and challenges facing the domestic market including the possible role of Indian companies are also addressed. It is essential to know the structure of nuclear energy control and the role of different government organizations. The report includes a brief profile of major government organizations. Additionally, a list of future projects - planned and under construction is also provided.

1. Nuclear Power - India
February 2009

2. Executive Summary
Installed capacity in 2008: X MWe; Accounts for a% of total power capacity
Estimated capacity in 2012: Y MWe; Target capacity by 20--: Z GW
Market
Government has the sole right to nuclear power generation via A
Indo-US nuclear deal and NSG waiver expected to boost nuclear commerce
LE
High level of activity with domestic and foreign firms signing or evaluating partnerships
Large domestic engineering and infrastructure companies showing active interest
Activity – E.g U,V,W,X
MP
Public sector enterprises also actively pursuing partnerships
Issues &
A
Large investment outlays being made to capitalize on government’s ambitious plan
S
Government monopoly in nuclear power generation, mining and plant installation
Nuclear power generation cost is highest in comparison to other sources of energy
Challenges Dependence on foreign sources for uranium fuel supplies
Limited role for domestic companies due to lack of expertise
An estimated business potential of USD X-Y bn
Future Targeted capacity is A GW by 20--
Strong opportunities in manufacturing reactors, components as well as related areas such as
Outlook consulting, engineering & construction etc.
C reactors are under construction with a total capacity of B MWe
NUCLEAR POWER – INDIA.PPT 2

3. •Market Overview
•Market Activity
•Issues & Challenges
•Government Organizations
•Future Projects
NUCLEAR POWER – INDIA.PPT 3

4. Nuclear energy currently accounts for a small share of total
power generation with installed capacity of X GW in 2008
Overview Installed Nuclear Power Capacity
•The Government has the sole right to nuclear MWe
power generation via NPCIL 5,000 a%
Y Z
•Capacity in 2008 stood at B MW compared to 4,000 X
original target of C MW set in the Xth 5-year V W
LE
3,000
plan ending in 2007 2,000
P
•Nuclear power accounts for a miniscule share
of total power generated with the bulk
accounted by coal and hydro projects
M
1,000
0
A
2004 2005 2006 2007 2008
Share of Total Capacity
Gas
a%
b%
S
Diesel
Regional Distribution of Nuclear Power
a%
North
Coal f% c% Hydro West c%
d% b%
e%
RES South
Nuclear
Source:
NUCLEAR POWER – INDIA.PPT 4

5. The Atomic Energy Commission (AEC) is solely responsible for
managing nuclear power in India
Atomic Energy Commission (AEC)
Atomic Energy Regulatory
Board (AERB)
Department of Atomic
LE
Energy (DAE)
MP
Nuclear Power
Corporation of
India Ltd
Bhartiya Nabhikiya
Vidyut Nigam Ltd SA Electronics
Corporation
of India Ltd
Uranium
Corporation
of India
Heavy Water
Board
Nuclear Fuel
Complex
Executing
Production of heavy
projects and Supply of nuclear
Installation of fast Mining and water used as a
operating nuclear Reactor control and fuel bundles and
reactors processing moderator and
power plants for implementation reactor core
of nuclear fuel coolant in reactors,
electricity components
operates 6 plants
generation
Source:
NUCLEAR POWER – INDIA.PPT 5

6. Domestic private players are capitalizing on the growth
prospects through large investments and joint ventures
Recent Deals (1/2)
Company Partnerships and Investments
W • A JV: Entered into a joint venture with A to focus on nuclear power engineering
PLE
• B: In Jan 2009, an agreement was signed with B to build its Z nuclear reactors.
This would enable C to utilize indigenous capabilities for the construction of nuclear power plants including
supply of reactor equipment and systems, valves, electrical & instrumentation products and fabrication of
M
X structural, piping and equipment modules for B V plants
Gujarat
SA
• C: Another agreement was signed with D to manufacture W reactors at their facility in Z,
• U: Formed a joint venture, in 20--, with V primarily for manufacturing state-of-the-art power
plant equipment in India which is expected to extend to nuclear applications
Y
• V: It signed an MOU with V to set up a manufacturing facility of heavy forges. The plant is
expected to be operational by 20--
• Y: It signed an MOU with Y towards providing advisory services to players with regard to
Z
investment opportunities available in the market
Source:
NUCLEAR POWER – INDIA.PPT 6

7. Company A
Overview Financial Performance
• Operating the atomic power stations Profit
Currently operates U nuclear power plants with a Total Income
combined capacity of V We with W under construction Revenue INR mn Profit INR mn
adding X MWe 50,000 Y 25,000
X Z
• Emphasis on development of nuclear power 20,000
LE
40,000
technology as an economical source of electrical 15,000
30,000
P
energy 10,000
20,000 5,000
• Generated Y bn units of electricity under the 10th
Five Year Plan exceeding the target by a%
Future Outlook
SAM
• Targeted capacity addition of X MW by 20-- and
10,000
2005-06
Capital Expenditure
(2007-08)
2006-07 2007-08
Revenue distribution
(2007-08)
0
projected capacity of Y GW by 20-- Ancillary schemes
a% Interest u%
Modifications in b%
• Construction of B units of C MW PHWRs and U units operating stations Depreciation v%
of V MWe LWRs with option to import ancillary
100% Profit
products Kundalam 1&2 c% Fuel charges w%
• Developing indigenous capability by initiating Heavy water
manufacturing facilities in partnership with leading charges x%
New projects Repair & maintenance
industry partners has been initiated Kaiga 3&4 e%
d% y%
Other operating z%
RAPP 5&6 f% expenses a%
Source:
NUCLEAR POWER – INDIA.PPT 7

8. Thank you for the attention
The Nuclear Power report is a part of Research on India’s Power Industry Series.
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NUCLEAR POWER – INDIA.PPT 8