PFC to finance nuke power projects

The Power Finance Corporation is open to finance all type of power projects, including nuclear, in India. Currently, the nuclear power projects are implemented by the Nuclear Power Corporation of India (NPCIL). Due to the government’s move to increase nuclear capacity to 63,000 MW by 2032 from the present 4,120 MW, the necessary modalities are being worked out to involve the private sector and hence PFC is receiving several queries about funding. Several private players, including Tata Power, Reliance Power, GMR and Lanco, have expressed their desire to enter the nuclear sector. State-run NTPC too has set a target of 2,000 MW nuclear capacity by 2017. Currently, the capital expenditure for generating 1 MW of the project is estimated at Rs 8 to 10 crore and hence the requirement for funding will be quite large. Contact: The Power Finance Corporation. Tel: 011-2345 6000.  Website: http://pfc.gov.in