The Business Bytes
TBB BUREAU
NEW DELHI, MAY 1, 2023
NTPC Ltd. signed a Supplementary Joint Venture Agreement with Nuclear Power Corporation of India Ltd. (NPCIL) in New Delhi on Monday for development of nuclear power projects.
The agreement was signed by Ujjwal Kanti Bhattacharya, Director Projects, NTPC Ltd. and Ranjay Sharan, Director Projects, NPCIL in the presence of RK Singh, Minister of Power, New & Renewable Energy; KN Vyas, Secretary DAE & Chairman Atomic Energy Commission; Alok Kumar, Secretary, Ministry of Power; Gurdeep Singh, CMD NTPC; BC Pathak, CMD NPCIL; and senior officials of the Ministry of Power and Department of Atomic Energy.
Initially, the JV company shall 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.
This 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.
