
Maharashtra is moving forward with plans to establish India’s first thorium‑based power plants, marking a significant step in the state’s transition toward cleaner and more reliable baseload electricity. The state government is working with the Department of Atomic Energy and the Nuclear Power Corporation of India Limited to finalise development details for two proposed thorium‑fuelled nuclear units.
The facilities are expected to be built on land owned by the state power utility. The initiative represents a strategic move to replace ageing thermal power stations while reducing reliance on fossil fuels.
The proposal outlines two nuclear units with capacities of 1,540 megawatts and 440 megawatts. These units together would contribute a total planned capacity of 1,980 megawatts.
The facilities are intended to replace two older thermal power stations currently operated by the state utility. The project forms part of the state’s broader plan to secure a stable and cleaner energy supply.
Thorium is increasingly seen as a safer and more sustainable alternative to traditional nuclear fuel. Experts state that thorium reactors operate at atmospheric pressure and carry a lower risk of meltdown.
These systems also offer potential long‑term advantages due to India’s extensive thorium reserves. The availability of domestic resources strengthens the rationale for adopting thorium‑based technologies.
Electricity generated from the proposed thorium plants is estimated to cost around ₹3.50 per unit. This cost is lower than that of most thermal power generation methods.
However, the initial capital expenditure for thorium‑based units is expected to be higher. The Maharashtra Institution for Transformation is overseeing the planning and implementation framework for the project.
Read More: Maharashtra Signs Investment MoUs Worth Over $50 Billion.
Maharashtra’s plan to develop thorium‑based nuclear power units signals a major shift in its long‑term energy approach. The proposed 1,980 megawatt capacity aims to replace older thermal facilities and enhance the state’s baseload power reliability.
The cost structure suggests potential long‑term savings for consumers despite higher upfront investment. The project could position Maharashtra as a national leader in adopting next‑generation nuclear technology.
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Published on: Jan 27, 2026, 12:21 PM IST

Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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