Govt proposes joint venture between NPCIL and NTPC, NALCO

To give boost to nuclear power generation in the country, the government has proposed joint ventures between Nuclear Power Corporation of India (NPCIL) and other Public Sector Undertakings (PSUs) like the NTPC, Indian Oil and NALCO, Lok Sabha was today informed.
However, this is subject to the passing of Atomic Energy Amendment Bill 2015 introduced in the Lok Sabha this week.
"The JVs proposed with other PSUs is to pool equity for expanding installed nuclear power capacity. Considering the large equity requirements of the planned expansion of nuclear power programme, these JV with with energy majors like NPCIL and NTPC, NPCIL and Indian Oil Corporation Ltd and NPCIl and NALCO Power Ltd will be taken up by these companies after allotment and approval of the same by the government," said Jitendra Singh, Minister of State for Prime Minister's Office in a written response to Lok Sabha.

He added that the decision was taken due to "inadequate funds" to power future nuclear energy projects.