Private sector courted for Kaiga

30 March 2001

The 440MWe Kaiga project is to be opened up to private participation with the Nuclear Power Corporation (NCPIL).

A government mandate has awarded the Power Finance Corporation (PFC) with a consultancy contract to find prospective partners for up to 49% equity in the proposed project. Although the NPCIL will hold the majority stake the joint venture would not be under state control. It is expected that actual work on the two 220MWe units will begin in 2002.

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