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NPCIL, India's sole nuclear power plant operator, on Wednesday received an allocation of Rs 9,410 crore in the Union Budget for 2023-24 as it sets out to ramp up atomic power generation capacity in the country. The allocation to the Nuclear Power Corporation of India Limited (NPCIL) was an increase of Rs 2,859 crore (more than 43 per cent) over the revised estimate of Rs 6,551 crore of the current fiscal. In addition to the budgetary allocation, the NPCIL will raise an additional Rs 12,863 crore through Internal and Extra Budgetary Resources, which constitutes the resources raised by the PSUs through profits, loans and equity. The Department of Atomic Energy has been allocated Rs 25,078.49 crore which is lower than Rs 25,965.67 crore it had received in the revised estimates in the 2022-23 fiscal. The other public sector companies under the Department of Atomic Energy - Indian Rare Earths Ltd will get Rs 120.30 crore, Uranium Corporation of India Ltd Rs 59.82 crore, and Electronics
The Tamil Nadu government on Friday opposed the Nuclear Power Corporation of India Limited's proposal to store spent nuclear fuel (SNF) at the Kudankulam Nuclear Power Plant (KNPP) site and suggested it be sent back to Russia, according to an earlier agreement or store it in an uninhabited area. Chief Minister M K Stalin flagged the issue with Prime Minister Narendra Modi in a letter about the issue pertaining to the power plant located in Tamil Nadu's Tirunelveli district. Six nuclear power reactors of 1000 MW each are envisaged in this project. Out of the six, units 1 & 2 have already been commissioned, while 3 & 4 are under construction and units 5 & 6 are yet to be established, Stalin said. "The Nuclear Power Corporation of India Ltd. proposes to construct Away from Reactor (AFR) facilities in the nuclear power plant site itself for the storage of the SNF generated from all six reactors," the Chief Minister said. "In this regard, I wish to inform that when the Ministry