India: Adani Targets 10 GW Of Nuclear Power Capacity By 2035

Adani Group, the Indian conglomerate owned by billionaire Gautam Adani, could become India’s largest private developer of nuclear power capacity within the next decade, targeting 10 gigawatts (GW) by 2035 as India opens its civil nuclear power sector to private investment.

“Our entry into nuclear energy through Adani Atomic Energy is another confident step towards securing India’s long-term energy future,” Gautam Adani said at the Adani Group’s annual general meeting on Wednesday, according to a report by Oilprice.com.

“With land identified and a targeted capacity of 10 GW by 2035, we are positioning ourselves early to serve the growing national demand for clean, round-the-clock power,” the billionaire said.

A panel set up by India’s Ministry of Power stated in a report that achieving the country’s goal of increasing installed nuclear power capacity to 100 GW by 2047, from just 8.8 GW currently, would require cumulative capital investment of up to 19.28 trillion Indian rupees ($204 billion at current exchange rates).

The Indian government has said its Nuclear Energy Mission aims to achieve 100 GW of capacity by 2047 “through the deployment of existing and emerging advanced nuclear technologies, both indigenous and in partnership with foreign collaborators.”

Adani Group is reportedly in talks with the government of the northern Indian state of Uttar Pradesh on a public-private partnership to build small modular reactors (SMRs) as the country opens its nuclear energy sector to private investment.

According to Bloomberg, Adani is discussing plans with Uttar Pradesh officials to build eight SMRs with a capacity of 200 megawatts (MW) each at sites yet to be identified in the state. Anonymous sources familiar with the matter disclosed the information at the end of 2025.

If the group achieves its target of 10 GW of nuclear power capacity by 2035, it would become India’s third-largest nuclear power operator, behind state-owned Nuclear Power Corporation of India Limited (NPCIL) and state-run power giant NTPC Limited. NPCIL currently operates all of India’s 8.8 GW of nuclear power capacity.

Indian conglomerate Reliance Industries, controlled by billionaire Mukesh Ambani, is also reportedly considering investments in India’s nuclear power sector following its opening to private capital.