From UPSC perspective, the following things are important :
Prelims level : Nuclear Insurance Pool
Mains level : Protective measures against nuclear hazards
- The Government has created an Indian Nuclear Insurance Pool (INIP) in June 2015, a union minister informed in Lok Sabha.
Indian Nuclear Insurance Pool
- M/s. General Insurance Corporation of India (GIC-Re), along with several other Indian Insurance Companies, have launched the Indian Nuclear Insurance Pool (INIP) with a capacity of ₹1500 crore.
- This aims to provide insurance to cover the liability against accidents as prescribed under Civil Liability for Nuclear Damage (CLND) Act, 2010.
- This has addressed issues related to Civil Liability for Nuclear Damage (CLND) Act and had facilitated commencement of work in setting up new nuclear power projects.
Nuclear Power in India
- The present nuclear power capacity is 6780 MW comprising of 22 reactors.
- There are 9 reactors with a capacity of 6700 MW (including 500 MW PFBR being implemented by BHAVINI) under construction.
- The Government in 2017 has also accorded administrative approval and financial sanction of 12 nuclear power plants totaling to a capacity of 9000 MW.
- On their progressive completion, the installed nuclear capacity is expected to reach 8180 MW by 2020 and 22480 MW by 2031.