Supplementary JV signed for development of Nuclear Power plants
NTPC Ltd has signed a Supplementary Joint Venture Agreement with Nuclear Power Corporation of India Ltd (NPCIL) to 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, which were identified as a part of fleet mode nuclear projects.
The agreement was signed in New Delhi on 1 May 2023.
The projects will be implemented through a joint venture company.
This Supplementary Joint Venture Agreement marks a pivotal step for NTPC Ltd and NPCIL to collaborate and cooperate in the field of development of Nuclear Power projects which shall help the country in meeting its Clean Energy Commitments to achieve net zero emission target by 2070, the Ministry of Power said.
The agreement was signed by Ujjwal Kanti Bhattacharya, Director Projects, NTPC and Ranjay Sharan, Director Projects, NPCIL in the presence of R.K. Singh, Minister of Power, New & Renewable Energy, K.N. Vyas, Secretary DAE & Chairman Atomic Energy Commission, Alok Kumar, Secretary, Ministry of Power, Gurdeep Singh, CMD NTPC, B C Pathak, CMD NPCIL and senior officials of Ministry of Power and Department of Atomic Energy (see picture). fiinews.com
