The Indian Government has given consent to construct 10 pressurized heavy water reactors (PHWR) in a bid to boost the domestic nuclear power program in the country.
Goyal, who is union Minister for Power and Coal, said the decision will result in significant augmentation of the country's nuclear power generation capacity.
At present India generates 6,780 MW (6.78 gigawatts) from nuclear power but hopes to dramatically expand its capacity to 63 GW by 2032.
Work on a memorandum of understanding (MoU) with Russian Federation for reactor units 5 and 6 of the Kudankulam Nuclear Power Plant (KNPP) is at the stage of internal approval, a senior official said on Friday.
Prime Minister Narendra Modi said the decision would "transform" the domestic nuclear industry.
He linked the move to efforts to ease the impact of climate change, saying it supported India's commitment to sustainable development and energy self-sufficiency. These will be the indigenous 700 MW pressurised heavy water reactors (PHWRs). In 2014, India's nuclear power generation capacity was 4,780 MW. With the Modi government taking up the baton, India today has civil nuclear cooperation agreements with several countries, including France, Russia, UK, US and Japan.
In a statement on May 18, NPCIL called the government's approval a "mega impetus for nuclear power", noting that the domestic nuclear industry has "developed capabilities to manufacture and supply equipment and components to exacting standards".
"It added: ".In a first-of-its-kind project for India's nuclear-power sector, the 10 new units will come up in fleet mode as a fully homegrown initiative. But there must be a prominent place for nuclear energy in India's mix of power sources, given that modern technology has proved its efficacy in sustaining a capacity factor of 80 per cent at the highest operational safety. "India's record of building and operating PHWR reactors over the last almost forty years is globally acclaimed", the official release said.