NTPC and NPCIL to collaboratively develop nuclear power projects

The two nuclear power plant projects include the Pressurised Heavy-Water Reactor (PHWR) projects, Chutka Madhya Pradesh Atomic Power Project 2×700 MW, and Mahi Banswara Rajasthan Atomic Power Project 4×700 MW.

In a significant move towards achieving India’s Clean Energy Commitments, NTPC Ltd. and Nuclear Power Corporation of India Ltd. (NPCIL) have signed a Supplementary Joint Venture Agreement for the development of Nuclear Power Projects. The agreement was signed in the presence of several senior officials, including R.K. Singh, Minister of Power, New & Renewable Energy, and K.N. Vyas, Secretary DAE & Chairman Atomic Energy Commission.

Under this agreement, the Joint Venture Company shall initially develop two 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. These projects were identified as a part of fleet-mode nuclear projects.

The Joint Venture company shall be responsible for developing both the Chutka Madhya Pradesh Atomic Power Project and Mahi Banswara Rajasthan Atomic Power Project. These projects are expected to contribute significantly to meeting the country’s Clean Energy Commitments and achieving net zero emission targets by 2070.

The agreement was signed by Ujjwal Kanti Bhattacharya, Director of Projects, NTPC Ltd., and Ranjay Sharan, Director of Projects, NPCIL. This Supplementary Joint Venture Agreement is a significant step towards cooperation between NTPC Ltd. and NPCIL in the development of Nuclear Power projects. It is expected to pave the way for further collaboration in the field of Nuclear Power Projects in India.

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The Chutka Madhya Pradesh Atomic Power Project and Mahi Banswara Rajasthan Atomic Power Project are expected to generate a significant amount of clean energy. The Chutka Madhya Pradesh project is located in the Narayanpur district of Madhya Pradesh, while the Mahi Banswara project is located in the Banswara district of Rajasthan. The development of these projects is a significant step towards India’s goal of reducing carbon emissions and achieving a net-zero target by 2070. The joint venture company formed by NTPC Ltd. and NPCIL will play a vital role in developing these projects and paving the way for further cooperation in the field of Nuclear Power Projects in India.