Why rising project costs for nuclear power matter for India’s clean energy plans
The project cost for four under-construction reactor units at the Kudankulam Nuclear Power Plant has surged by nearly 55% since the Russia-Ukraine war, rising from ₹89,470 crore to ₹1,38,330 crore. This increase, particularly significant for Units 3 and 4 at 72.9%, and Units 5 and 6 at 39.9%, may lead to higher electricity tariffs in India. The Kudankulam facility is a key component of India's nuclear energy strategy, emphasizing the impact of rising costs on clean energy plans.