India Considers Allowing Foreign Investment in Nuclear Plants

As India looks to boost its nuclear power generation, the government is considering allowing foreign companies to own up to a 49% stake in Indian nuclear power plants, government sources told Reuters on Friday.  Even if India passes amendments in its nuclear foreign investment laws to allow up to 49% foreign stakes, any foreign investment will likely still need prior government approval, according to Reuters’ sources.  Currently, India has 8 gigawatts (GW) of operating nuclear capacity, operated by the state-owned Nuclear Power…