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Home arrow News arrow Power and Energy arrow NTPC and NPCIL set up JV company for Nuclear Power Projects in the country
NTPC and NPCIL set up JV company for Nuclear Power Projects in the country Print E-mail
Written by Anand   
Wednesday, 28 April 2010
New Delhi: The Nuclear Power Corporation of India Limited (NPCIL) and NTPC Limited signed a Joint Venture Agreement (JVA) today in Delhi for incorporation of a Joint Venture company to set up Nuclear Power Project(s) in the country. The proposed Joint Venture Company will be a subsidiary of NPCIL in which NPCIL shall hold 51% equity and the balance 49% will be held by NTPC Limited.

The agreement is for the formation of a Public Limited Company to set up nuclear power project with two nuclear reactor units which may be extended for setting-up additional Nuclear Power Projects subject to techno-economic viability. Currently, NPCIL & BHAVINI are the two companies authorized to set up nuclear power plants in the country.

Shri R.S.Sharma, CMD, NTPC and Shri S.K.Jain, CMD, NPCIL inked the JV Agreement in the presence of Shri Sushilkumar Shinde, Union Minister of Power, Shri Prithviraj Chavan, Union Minister of State for Science & Technology & PMO and Shri Bharatsinh Solanki, Minister of State for Power. Dr. Srikumar Banerjee, Chairman, AEC & Secretary,DAE, Shri Harishankar Brahma, Secretary, Power, Shri Gurdial Singh, Chairman, CEA & Additional Secretary, Ministry of Power, Directors on board of NTPC & NPCIL and other officials from DAE, MOP, NPCIL & NTPC were present on this occasion.

NPCIL has comprehensive capability in site selection, design, construction, commissioning, operation, maintenance and life extension of nuclear power generation technology and has plans for significant capacity addition.

Two nuclear power reactors each of 220 MW at Rajasthan commenced commercial operation in Feb and March 2010 taking the nuclear power capacity in the country to 4560 MW. The generation during the year 2009 -10 at 18831 MUs was 26% higher than the generation last year.

NPCIL is setting up seven nuclear power reactors of 5020 MW. While three reactors at Kaiga (1) and Kudankulam (2), Tamil Nadu are under advanced stages of completion, work on four pressurized heavy water reactors (PHWRs) of 700 MW each, two units each at Kakrapar in Gujarat and at Rawatbhata in Rajasthan has commenced this year. The total nuclear power capacity in the country will reach 10,080 MW by 2017 including 500 MW Fast Breeder Reactor being set up by BHAVINI. NPCIL has planned to commence work on four PWHRs of 700 MW two each in Haryana & MP and also light water reactors with foreign cooperation at the coastal sites in Andhra Pradesh, Gujarat Maharashtra and Tamilnadu by the year 2012.

NTPC is the largest power generation company in India with an installed capacity of 31704 MW. NTPC has established itself in the field of development of Thermal Power Projects and has proven track record in engineering, contracts, project management and power generation and intends to enlarge the area of its operation by foraying into Nuclear Power Development.

 
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