New Indian joint venture brings in (a little) private sector to nuclear power

31 January 2011

Following a 2009 memorandum of understanding, NPCIL and National Thermal Power Corporation Ltd have formed a joint venture for nuclear power project development.

The JV company, split 51:49 NPCIL:NTPC, is called Anushakti Vidhyut Nigam Ltd.

NTPC, which is 84.5% held by the government of India and 15.5% held by private investors, currently runs 15 coal-based and 7 gas-based power stations, for a total output of 33 GW, including joint ventures.

NTPC said on its website that it has plans to generate to 75 GW by 2017 and 128 GW by 2032, by which time the company would have a diversified fuel mix comprising 56% coal, 16% gas, 11% nuclear and 17% renewable Energy Sources (RES) including hydro. That 11% nuclear stake corresponds to 14GW of nuclear power.

NPCIL, which is wholly government-owned, is currently the only agency that operates nuclear power plants in India.

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