NTPC Seeks Approval for Bulk Purchase of Nuclear Reactors
POWER & RENEWABLE ENERGY

NTPC Seeks Approval for Bulk Purchase of Nuclear Reactors

NTPC, India’s largest power producer, has approached the government to approve the bulk purchase of nuclear reactors as part of the nation’s drive to expand atomic energy capacity and reduce dependence on fossil fuels.

The state-run company plans to acquire large nuclear units ranging from 700 MW to 1,730 MW, though the final tender size is yet to be decided. Bulk procurement is expected to help lower overall costs, sources familiar with the matter said.

NTPC is spearheading India’s plan to achieve 100 gigawatts of nuclear generation capacity by 2047, more than 11 times the current total. The company intends to install nearly a third of this target. This effort aligns with New Delhi’s push to attract private investment in the nuclear sector amid a global resurgence in atomic energy, seen as a source of reliable, low-carbon power.

India, the world’s third-largest CO2 emitter, remains heavily reliant on coal, which accounts for 85 per cent of NTPC’s current generation capacity. Since commissioning its first reactor in 1969, the country has installed 8.8 GW of nuclear capacity. Meeting the 2047 target would require building nearly half that capacity each year over the next two decades.

The nuclear sector faces challenges, including identifying safe sites, securing suppliers for diverse reactor technologies, and obtaining local support. NTPC’s first nuclear plant, a joint venture with Nuclear Power Corporation of India, is expected to be operational by 2036.

This move underlines NTPC’s commitment to transitioning towards sustainable and low-carbon energy, supporting India’s climate goals while ensuring reliable power supply.

News source: CNBC TV18

NTPC, India’s largest power producer, has approached the government to approve the bulk purchase of nuclear reactors as part of the nation’s drive to expand atomic energy capacity and reduce dependence on fossil fuels.The state-run company plans to acquire large nuclear units ranging from 700 MW to 1,730 MW, though the final tender size is yet to be decided. Bulk procurement is expected to help lower overall costs, sources familiar with the matter said.NTPC is spearheading India’s plan to achieve 100 gigawatts of nuclear generation capacity by 2047, more than 11 times the current total. The company intends to install nearly a third of this target. This effort aligns with New Delhi’s push to attract private investment in the nuclear sector amid a global resurgence in atomic energy, seen as a source of reliable, low-carbon power.India, the world’s third-largest CO2 emitter, remains heavily reliant on coal, which accounts for 85 per cent of NTPC’s current generation capacity. Since commissioning its first reactor in 1969, the country has installed 8.8 GW of nuclear capacity. Meeting the 2047 target would require building nearly half that capacity each year over the next two decades.The nuclear sector faces challenges, including identifying safe sites, securing suppliers for diverse reactor technologies, and obtaining local support. NTPC’s first nuclear plant, a joint venture with Nuclear Power Corporation of India, is expected to be operational by 2036.This move underlines NTPC’s commitment to transitioning towards sustainable and low-carbon energy, supporting India’s climate goals while ensuring reliable power supply.News source: CNBC TV18

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement