Maharashtra signs MoU with Russia's Rosatom to develop thorium-based SMR
Team Finance Saathi
11/Apr/2025

What's covered under the Article:
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Maharashtra signs MoU with Russia's Rosatom to jointly develop a thorium-based small modular reactor, aiming to enhance India's nuclear energy capabilities.
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The project will adhere to AERB safety standards and involve establishing an assembly line for thorium reactors under the 'Make in Maharashtra' initiative.
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A joint working group comprising Mahagenco, Rosatom, MITRA, and Global Technology Alliance will oversee the project's execution, ensuring compliance with Indian nuclear regulations.
In a significant move towards advancing India's nuclear energy sector, the Maharashtra government has signed a Memorandum of Understanding (MoU) with Russia's state-owned nuclear energy corporation, Rosatom. This collaboration focuses on the development of a Small Modular Reactor (SMR) powered by thorium fuel, marking a pioneering step in India's pursuit of sustainable and efficient nuclear energy solutions.
Objectives of the MoU
The primary goals of this partnership include:
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Joint Development of Thorium-Based SMR: Leveraging Rosatom's expertise in nuclear technology to develop a thorium-fueled SMR tailored for Maharashtra's energy needs.
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Commercialization of Thorium Reactors: Ensuring the reactors meet the Atomic Energy Regulatory Board (AERB) safety standards, facilitating their integration into India's energy infrastructure.
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Establishment of Assembly Line: Setting up a manufacturing assembly line for thorium reactors under the 'Make in Maharashtra' initiative, promoting local production and employment.
Role of Key Stakeholders
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Mahagenco: Maharashtra's state power generation company will play a pivotal role in the project's implementation, providing the necessary infrastructure and support.
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Rosatom: As a global leader in nuclear technology, Rosatom will contribute its technical expertise and experience in SMR development.
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Maharashtra Institution for Transformation (MITRA): MITRA will offer strategic support, ensuring the project's alignment with the state's developmental goals.
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Global Technology Alliance: This entity will facilitate coordination among international partners, bringing in global best practices and innovations.
Formation of Joint Working Group
To ensure seamless execution, a joint working group comprising representatives from Mahagenco, Rosatom, MITRA, and the Global Technology Alliance will be established. This group will oversee:
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Coordination and Research: Streamlining efforts between Indian and Russian teams for efficient project development.
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Compliance with Regulations: Ensuring all activities adhere to the guidelines set by the Government of India and the AERB.
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Project Monitoring: Regular assessment of progress, addressing challenges, and implementing solutions promptly.
Significance of Thorium in Nuclear Energy
Thorium is considered a promising alternative to uranium in nuclear reactors due to:
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Abundance in India: India possesses significant thorium reserves, making it a strategic resource for energy independence.
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Safety Advantages: Thorium reactors are inherently safer, with a lower risk of meltdown and reduced nuclear waste production.
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Sustainability: Utilizing thorium contributes to long-term sustainability in nuclear energy generation.
Implications for India's Energy Sector
This collaboration is poised to:
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Enhance Energy Security: Diversifying energy sources and reducing reliance on fossil fuels.
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Promote Technological Advancement: Positioning India at the forefront of nuclear technology innovation.
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Stimulate Economic Growth: Creating job opportunities and fostering industrial development through the 'Make in Maharashtra' initiative.
Conclusion
The MoU between Maharashtra and Rosatom signifies a landmark development in India's energy landscape. By harnessing thorium-based SMR technology, this partnership aims to deliver a cleaner, safer, and more sustainable energy future, aligning with India's broader goals of energy security and environmental stewardship.
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