NTPC Ltd. Has recently signed a supplementary joint venture agreement with Nuclear Power Corporation of India Ltd. (NPCIL) in New Delhi for development of nuclear power projects. The agreement was signed by Ujjwal Kanti Bhattacharya, Director Projects, NTPC Ltd. and Ranjay Sharan, Director Projects, NPCIL, in the presence of R.K. Singh, Minister of Power, New & Renewable Energy, K. N. Vyas, Secretary DAE & Chairman Atomic Energy Commission, Alok Kumar, Secretary, Ministry of Power, Gurdeep Singh, CMD NTPC, B. C. Pathak, CMD NPCIL and senior officials of Ministry of Power and Department of Atomic Energy.
Initially, the JV company shall develop two Pressurized Heavy-Water Reactor (PHWR) projects, namely: Chutka Madhya Pradesh Atomic Power Project 2×700 MW and Mahi Banswara Rajasthan Atomic Power Project 4×700 MW, which were identified as a part of fleet mode nuclear projects.
This supplementary joint venture agreement marks a pivotal step for NTPC Ltd. and NPCIL to collaborate and cooperate in the field of development of Nuclear Power projects that shall help the country in meeting its Clean Energy Commitments to achieve net zero emission target by 2070.
NTPC Limited is an Indian central Public Sector Undertaking under the ownership of the Ministry of Power, Government of India, which is engaged in generation of electricity and allied activities. NPCIL is an Indian public sector undertaking. It is wholly owned by the Government of India and is responsible for the generation of electricity from nuclear power.
