NTPC, NPCIL ink JV deal to set up nuclear power plants
April 27th, 2010 - 9:55 pm ICT by IANSNew Delhi/Mumbai, April 27 (IANS) State-owned power utilities NTPC and Nuclear Power Corporation Tuesday inked a deal here to set up a joint venture to construct two nuclear power projects with the provision of setting up more such units in future.The joint venture will have NPCIL holding a 51 percent equity stake, while NTPC will own the rest.
The new company will operate about 1,400 MW of capacity with two reactors of 700 MW each.
The agreement was signed by NPCIL chairman S.K. Jain and his NTPC counterpart R.S. Sharma.
With an installed capacity of 31,704 MW, NTPC is largely dependent on coal (about 82 percent) and gas for generating electricity. The company has begun to diverisfy into other power generating streams and is focusing on its renewable energy portfolio.
By 2017, the company plans to have at least 1,000 MW through renewable energy resources such as wind, hydro, solar, biomass and geo-thermal.
NPCIL plans to ramp up capacity from the current 4,560 MW to about 10,080 MW by 2017.
-jj/qn/srj/dg
- India ranks sixth in nuclear power generation - Nov 27, 2010
- Construction begins of two 700 MW n-power reactors - Jul 18, 2011
- ADB signs JV to develop renewable energy in India - Nov 24, 2010
- NPCIL, NALCO ink deal for nuclear plants - Nov 09, 2011
- Highest priority to safety of nuclear plants: Patil - Mar 12, 2012
- NPCIL tying up with state-run firms for n-power - Jul 22, 2011
- NTPC targets 10,000MW in south India by 2017 - Apr 30, 2010
- Tata Power consortium wins Indonesian geothermal power project - Sep 02, 2010
- India plans power lines via Bangladesh - Jan 02, 2011
- Construction of nuclear power plant begins in Gujarat - Nov 22, 2010
- Madras Atomic Power Station restarts one unit - Jan 09, 2012
- NTPC order will be met with local, imported machines: BGR - Sep 15, 2011
- Jayalalithaa asks Prime Minister for power from central pool - Jun 06, 2011
- Indian companies discuss nuclear MoUs with Canada - Feb 26, 2011
- NTPC commissions first unit of Jhajjar plant for Games - Oct 11, 2010
Tags: biomass, counterpart, dg, energy portfolio, equity stake, generating electricity, jj, joint venture, mw, New Delhi, npcil, ntpc, nuclear power corporation, nuclear power plants, power projects, power utilities, reactors, renewable energy resources, s k jain, srj