30 Gigawatts by 2020 is considered achievable (supply chain constraints) but 40 gigawatts by 2020 is the target India and Brazil have 80% of the known Thorium reserves and Thorium nuclear fission is India’s long term energy strategy.
Funding projects would not be a problem as NPCIL is currently sitting on cash reserve of Rs 10,000-11,000 crore. We are earning four-figure net profit (Rs 1,571 crore for the year ended March 2007) and we are confident we will continue this way till 2020.
If India is able to achieve the 30 GW target that would exceed the current projections that the world Nuclear Association (WNA) has for India of about 21GW The WNA projections are for 266 reactors that are being built (30), planned (74) or proposed (162).
Those May, 2007 projections are an increase from february, 2007 of 3 being built, 12 planned and 32 proposed. A 21% increase from February. 266 reactors versus 219 reactors are now in the development pipeline.
China will invest US$50 billion in nuclear power until 2020 to achieve the goal of nuclear power supplying 4% of China’s electrical energy needs China is close to a deal with Westinghouse for 4 nuclear reactors to be operating by 2013 China plans to have 28 more nuclear reactors operating by 2020 to go with the fifteen that are in use or under construction.