India Releases Draft Rules Accompanying SHANTI Act, Requiring Nuclear Power Operators to Provide Nuclear Damage Insurance or Financial Guarantees
The Department of Atomic Energy (DAE) of India recently released the draft SHANTI Rules 2026 and the draft SHANTI Regulations 2026 for public consultation. The two documents set out provisions on nuclear project licensing, safety authorization, and nuclear damage liability, aiming to provide an institutional framework for India's expansion of nuclear power capacity and the introduction of more market players into nuclear energy development. Under the drafts, operators of nuclear power plants or reactors must purchase insurance, provide financial guarantees, or adopt both approaches for nuclear damage. Such financial security must remain in effect until all spent fuel has been removed from the corresponding storage pools. The drafts also propose the establishment of a nuclear liability fund, with funding sources linked to the civil liability limits borne by operators...
2026-08-17
