India's three-stage nuclear power programmeIndia's three-stage nuclear power programme was formulated by Homi Bhabha, the well-known physicist, in the 1950s to secure the country's long term energy independence, through the use of uranium and thorium reserves found in the monazite sands of coastal regions of South India. The ultimate focus of the programme is on enabling the thorium reserves of India to be utilised in meeting the country's energy requirements.
Thorium-based nuclear powerThorium-based nuclear power generation is fueled primarily by the nuclear fission of the isotope uranium-233 produced from the fertile element thorium. A thorium fuel cycle can offer several potential advantages over a uranium fuel cycle—including the much greater abundance of thorium found on Earth, superior physical and nuclear fuel properties, and reduced nuclear waste production. One advantage of thorium fuel is its low weaponization potential; it is difficult to weaponize the uranium-233/232 and plutonium-238 isotopes that are largely consumed in thorium reactors.
Economy of IndiaThe economy of India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable public sector in strategic sectors. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the International Monetary Fund (IMF), on a per capita income basis, India ranked 139th by GDP (nominal) and 127th by GDP (PPP).
Advanced heavy-water reactorThe advanced heavy-water reactor (AHWR) or AHWR-300 is the latest Indian design for a next-generation nuclear reactor that burns thorium in its fuel core. It is slated to form the third stage in India's three-stage fuel-cycle plan. This phase of the fuel cycle plan was supposed to be built starting with a 300MWe prototype in 2016. KAMINI is the world's first thorium-based experimental reactor. It is cooled and moderated by light water, fueled with uranium-233 metal produced by the thorium fuel cycle harnessed by the neighbouring FBTR reactor and produces 30 KW of thermal energy at full power.
Economics of nuclear power plantsNuclear power construction costs have varied significantly across the world and in time. Large and rapid increases in cost occurred during the 1970s, especially in the United States. Recent cost trends in countries such as Japan and Korea have been very different, including periods of stability and decline in costs. New nuclear power plants typically have high capital expenditure for building plants. Fuel, operational, and maintenance costs are relatively small components of the total cost.
