India is taking steps for the development of small modular reactors (SMR), with up to 300 MW capacity to fulfill its commitment to clean energy transition.
For the development of SMR technology in the country, there is a need to explore participation of the private sector and start-ups. Technology sharing and availability of funding are the two crucial links for ensuring the commercial availability of SMR technology. SMRs, with up to 300 MW capacity, by nature, are flexible in design and require a smaller footprint. Being mobile and agile technology, SMR can be factory-built, unlike the conventional nuclear reactors that are built on-site. Thus, SMRs offer significant savings in cost and construction time. SMR is a promising technology in industrial decarbonisation, especially where there is a requirement of reliable and continuous supply of power. Also, SMR is simpler and safer as compared to large nuclear plants.