Indian Oil Corporation Ltd (IOCL), a state-run refiner and fuel retailer, is in the initial stages of discussions with the Nuclear Power Corporation of India Ltd (NPCIL) regarding the potential construction of small modular reactors (SMRs). These SMRs are considered a cost-effective alternative to larger nuclear plants and could provide clean power solutions for IOCL's refineries.
Alok Sharma, Indian Oil's director for R&D, announced this partnership exploration during a conference in New Delhi. The collaboration aims to utilize SMRs to generate clean power within IOCL's refineries, contributing to sustainability efforts and reducing environmental impact.
Small modular reactors (SMRs) have gained attention as policymakers seek alternatives to larger nuclear projects, which often face delays and logistical challenges. SMRs, with capacities of up to 300 MW, offer advantages such as quicker construction and greater flexibility to adapt to grid requirements.
In addition to Indian Oil, other state-controlled companies such as NTPC Ltd and ONGC are also exploring opportunities in the nuclear sector. The Indian government is considering measures to support the growth of the small-scale nuclear technology sector, including potential involvement of private firms in managing and operating reactors.
This move underscores India's commitment to diversifying its energy mix and adopting cleaner and more sustainable power generation technologies, aligning with global efforts to combat climate change and promote renewable energy sources.
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