ReNew’s Sumant Sinha says cheaper nuclear power can replace coal in India

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Sumant Sinha, Chairman & CEO of ReNew, indicates that nuclear projects could be a viable alternative to coal. He emphasizes that reducing the high setup costs of nuclear plants is crucial for wider adoption. India aims to increase its nuclear capacity from 8.8 GW to 100 GW by 2047. Current estimates suggest this growth will require substantial investments of Rs 15 lakh crore.