NTPC-NPCIL JV to Develop Nuclear Power Projects

NTPC Ltd. and Nuclear Power Corporation of India Ltd. (NPCIL) have signed a Joint Venture (JV) agreement to develop Nuclear Power Projects. This information was stated in a PIB release dated 1st May 2023.

Initially, two Pressurized Heavy-Water Reactor (PHWR) projects will be built by NTPC-NPCIL JV, one of which will be 1400 MW in Chutka, Madhya Pradesh, and other will be 2800 MW in Mahi Banswara, Rajasthan. These projects in Madhya Pradesh and Rajasthan will be developed at an estimated cost of Rs. 25,000 crore and Rs. 50,000 crore respectively.