Tata Power Co expects to commission its first nuclear plant as early as 2032, after India dismantled a decades-long state monopoly in atomic energy to strengthen energy security while cutting emissions.

The company has drawn up a shortlist of sites across at least three states and will begin work once the government finalises the framework for private players, Chief Executive Officer Praveer Sinha said in an interview with Bloomberg Television on Tuesday (28 July).

"What we can expect is that early part of 2028 we will start possibly the construction activity," Sinha said. "We are targeting that 2032-2033, we will have the first of the nuclear plants ready in the private sector."

According to Sinha, Tata Power has zeroed in on locations in Madhya Pradesh, Odisha and Gujarat, and geotechnical surveys are already underway.

He expects the government to address matters such as long-term uranium supplies and price stability while completing the rules under the nuclear bill. "We expect the approval process will take 12 to 14 months," he added.