NPCIL-NTPC to build two 700MW n-power plants: DAE Secy

NPCIL-NTPC joint venture company is expected to build two 700 MW nuclear power plants at a site identified by the Deparment of Atomic Energy (DAE).

"One of the sites identified by the DAE for 2x700 MW plant will go to the NPCIL-NTPC joint venture company," DAE Secretary Srikumar Banerjee told reporters on the sidelines of the India Energy Congress here today.

The Nuclear Power Corporation of India Limited (NPCIL) and the National Thermal Power Corporation (NTPC) entered into an agreement February last year to start a joint venture company that will build nuclear power plants.

The NPCIL has plans to build indigenously developed Pressurised Heavy Water Reactors (PHWRS) of 700 MW capacity each at four locations across the country.

While two plants each are expected to come up at Rawat Bhata in Rajasthan and Kakrapar in Gujarat, plans are afoot to finalise sites in Haryana and Madhya Pradesh for atomic power plants.

Sources said the site either in Madhya Pradesh or Haryana may be allocated to the NPCIL-NTPC joint venture.

As per the agreement, the joint venture will have 51:49 shareholding between NPCIL and NTPC.

NTPC is expected to invest around Rs 1,000 crore for setting up nuclear power plants of at least 2,000 MW capacity.