Power major NTPC is planning to develop nuclear power projects both through joint ventures and on a standalone basis, CMD Gurdeep Singh has said.

The company is collaborating with nuclear technology providers and state governments to explore individual nuclear projects, Singh added.

Currently, the NTPC Group has an installed capacity of 82,926 MW across 53 NTPC-owned stations and 53 joint venture or subsidiary stations, drawing power from coal, liquid fuel, hydro, and solar sources.

In December 2024, Singh had announced NTPC’s ambitious plan to enter the nuclear energy sector, a move expected to significantly expand the company’s non-fossil energy portfolio.

Addressing a session at the Bihar Business Connect 2024 summit in Patna, he noted that nuclear energy will play a critical role in the energy sector 20–30 years into the future, and NTPC is now entering this space.

In a recent company document, Singh shared, “We are collaborating with various nuclear technology providers and state governments to set up projects independently.”

In September last year, the government approved Anushakti Vidhyut Nigam Ltd (ASHVINI), a joint venture between Nuclear Power Corporation of India Ltd (NPCIL, 51 per cent) and NTPC (49 per cent), to build, own, and operate nuclear power plants in India under the Atomic Energy Act.

Singh added, “We have operationalised the ASHVINI joint venture with NPCIL and also established a new subsidiary, NTPC Parmanu Urja Nigam Ltd, as part of our long-term commitment to clean baseload power.”