Power Today |
Advertise Here [728 W x 90 H pixels]
News Brief | February 2016

N-projects to get equity boost on NPCIL´s JV plans with PSUs

With the decks being cleared for state-owned Nuclear Power Corporation of India Ltd (NPCIL) to launch nuclear ventures in collaboration with at least three other public sector firms, the move could see the pooling of additional equity worth nearly `30,000 crore for expanding the country´s installed nuclear power capacity.

The Atomic Energy (Amendment) Act, one of the five legislations that got the President´s approval, will allow NPCIL to launch collaborations with other public sector utilities. Three venture with cash-rich state-owned energy utilities - NTPC Ltd, Indian Oil Corporation and Nalco - are already in the works.

The move comes amid festering concerns over India´s nuclear liability provisions holding up the deployment of imported light water reactor-based projects in collaboration with global vendors. The proposal by NPCIL to strike joint ventures with cash-rich PSUs is being seen as an alternative strategy to tide over the paucity of funds and ramp up execution capability for new projects using the indigenous pressurised heavy water reactor technology.

Post your comment
Verification Code:   Change Image


Posted Comment
1 .     Yogesh Says:
17 Oct 2016
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine

2 .     Sarfaraj Bilakhiya Says:
20 Sep 2016
Pls invite me all auction in gujarat

3 .     k.natarajan Says:
20 Jun 2016
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors..... thanks lot pls call +910842559230 +919842753550

Advertise Here [728 W x 90 H pixels]