NTPC-NPCIL Agreement on Joint Development of Nuclear Power Plants

May 2, 2023

India is a developing country with a growing demand for energy. To meet this increasing demand for electricity, the country is turning towards nuclear power. In this regard, the state-run company NTPC has signed a supplementary joint venture agreement with NPCIL for the development of nuclear power projects in India.

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The goal of the joint venture between NTPC and NPCIL is to collaborate and cooperate in the field of development of nuclear power projects.
The joint venture company will initially develop Pressurized Heavy-Water Reactor (PHWR) projects.
Chutka Madhya Pradesh Atomic Power Project 2×700 MW and Mahi Banswara Rajasthan Atomic Power Project 4×700 MW are the two PHWR projects identified as a part of fleet mode nuclear projects.
It is projected that India will have a nuclear capacity of 22,480 MW by the year 2031.
The current total installed power generation capacity of NTPC is 71.644 GW. By 2030, It aims to operationalize 3.5 GW of capacity from the two nuclear power plants currently being built.
As of 14 March 2023, the current installed nuclear power capacity in India is 6.78 GW.
The Indian government has set a target capacity of nuclear power generation of 20 GW by 2030. This is part of the step to achieve the net-zero emission target year of 2070.
In line with the net zero target, five new sites have been accorded ‘in-principle’ approval for locating nuclear power plants in the future.
In fleet mode, ten PHWRs with a capacity of 700 MW, which are of indigenous origin, will be established.

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