With several private power project developers seeking higher tariffs than they had quoted while bidding due to rising input costs and delayed clearances, industry body ASSOCHAM today said the country has limited options and must forge ahead with nuclear energy initiatives.
Several power producers say increasing fuel costs due to imported coal and inadequate evacuation infrastructure are threatening to make the projects unviable. ASSOCHAM thus calls for nuclear energy to generate power "which is a cleaner and much cheaper" option in the long run compared with hydrocarbons.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
