NTPC plans Rs 4 trillion investment in nuclear power over 20 years
POWER & RENEWABLE ENERGY

NTPC plans Rs 4 trillion investment in nuclear power over 20 years

India's largest power producer, NTPC, is considering an investment of Rs 3-4 trillion to increase its nuclear power capacity by about 20 GW over the next 23 years. According to a source familiar with the matter, the company’s first nuclear project is planned to be jointly developed with the Nuclear Power Corporation of India Ltd (NPCIL), after which NTPC intends to pursue future projects independently.

The company aims to secure a significant portion of the clean energy portfolio by 2047, in line with the government’s Viksit Bharat (developed India) initiative, the source added.

The government recently announced that India aims to achieve 100 GW of installed nuclear power capacity by 2047. The on-going collaboration with NPCIL for the 2,800 MW Mahi Banswara project in Rajasthan is expected to begin groundwork by the end of the current financial year, according to the source. The investment for the projects is estimated to be between Rs 450-500 billion. A proposal for transferring nuclear units to a joint venture from the parent NPCIL is likely to be presented for approval soon, the source said. The government has already approved the joint venture between NPCIL and NTPC, called Anushakti Vidhyut Nigam, with NPCIL holding a 51 per cent stake.

Earlier, an NTPC official mentioned that the company would no longer be involved in the 1,400 MW Chutka Madhya Pradesh Atomic Power Project, which was also supposed to be developed jointly with NPCIL.

India's largest power producer, NTPC, is considering an investment of Rs 3-4 trillion to increase its nuclear power capacity by about 20 GW over the next 23 years. According to a source familiar with the matter, the company’s first nuclear project is planned to be jointly developed with the Nuclear Power Corporation of India Ltd (NPCIL), after which NTPC intends to pursue future projects independently. The company aims to secure a significant portion of the clean energy portfolio by 2047, in line with the government’s Viksit Bharat (developed India) initiative, the source added. The government recently announced that India aims to achieve 100 GW of installed nuclear power capacity by 2047. The on-going collaboration with NPCIL for the 2,800 MW Mahi Banswara project in Rajasthan is expected to begin groundwork by the end of the current financial year, according to the source. The investment for the projects is estimated to be between Rs 450-500 billion. A proposal for transferring nuclear units to a joint venture from the parent NPCIL is likely to be presented for approval soon, the source said. The government has already approved the joint venture between NPCIL and NTPC, called Anushakti Vidhyut Nigam, with NPCIL holding a 51 per cent stake. Earlier, an NTPC official mentioned that the company would no longer be involved in the 1,400 MW Chutka Madhya Pradesh Atomic Power Project, which was also supposed to be developed jointly with NPCIL.

Next Story
Real Estate

Redevelopment Rush

Mumbai is on the cusp of an urban transformation, driven by the pressing need to replace ageing, unsafe buildings with modern, high-density developments. The scale and pace of redevelopment across the city is unprecedented – and yet fraught with complexity.Redevelopment has become a defining strategy for urban renewal in Mumbai. One of the most challenging aspects is the displacement it entails – residents are often required to vacate their homes and live in transit accommodations until the new structures are ready. This raises valid concerns: Will the transit housing meet our needs? Will ..

Next Story
Infrastructure Energy

Powering the Future

Uninterrupted power supply is vital for modern living and, in urban settings, infrastructure is increasingly energy-sensitive. So, generator sets (gensets), a backbone of power continuity, are essential to ensure that human activity continues during grid outages or load-intensive phases of construction. However, TV Ganesh, Executive Director - Technical, Shriram Properties, recommends viewing genset technology not in isolation but as part of a broader ecosystem of intelligent, sustainable infrastructure...To read the full article Click Here ..

Next Story
Infrastructure Urban

Where Sports Meets Structure

Dalmia Bharat’s shuttlecock-shaped badminton centre in Bhubaneswar is a bold leap in sports infrastructure – symbolic in form, global in ambition and sustainable by design. A collaboration with the Odisha government and Gopichand Academy, it reflects India’s evolving sporting vision.Building more than an academy At the heart of ‘Shuttle by Dalmia Bharat’ lies a powerful vision, one that sees infrastructure not merely as physical structures but catalysts for national progress. “With this project, the intent was to build more than a badminton academy,” says Puneet Dalmia,..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?