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What is the story about?
NTPC is seeking various international partnerships in technology and fuel to advance its plans in the nuclear sector and diversify its energy generation efforts.
The company aims to establish approximately 30 GW of nuclear projects owned by itself in different regions across India, aligning with the government's target of achieving 100 GW of nuclear capacity by the year 2047.
It is being understood that NTPC is targeting to achieve 2 GW of nuclear capacity as soon as 2032.
In terms of technology, NTPC has signed non-disclosure agreements with global energy companies Rosatom and EDF to explore collaboration for implementing large pressurised water reactor projects within India.
Additionally, NTPC is working with Holtec International to investigate the use of small modular reactors (SMRs) in forthcoming nuclear initiatives.
Also Read:Electronics PLI: Local design a must, daily progress calls likely: Ashwini Vaishnaw
SMRs present potential benefits, including modular construction, improved safety features, and their adaptability for phased deployment. The company is also assessing a minor equity investment in US-based Clean Core Thorium Energy (CCTE) as a strategic early-stage investment, contingent on the completion of required due diligence and obtaining the necessary statutory and regulatory approvals.
CCTE has created a patented thorium and enriched uranium nuclear fuel known as ANEEL, claiming it is compatible with existing pressurised heavy water reactors (PHWR) and Canada Deuterium Uranium (CANDU) reactors.
Simultaneously, NTPC is actively reviewing land options for nuclear facilities in states such as Gujarat, Madhya Pradesh, Bihar, and Andhra Pradesh, with final site selections to be made after obtaining approval from the Atomic Energy Regulatory Board.
As per NTPC's official website, the company boasts an installed capacity exceeding 85,000 MW at the group level, which includes coal, gas/liquid fuel, hydro, and solar energy.
Currently, NTPC is developing a nuclear project in collaboration with Nuclear Power Corporation of India Ltd (NPCIL) in Rajasthan, with an estimated investment of around ₹42,000 crore.
The company aims to establish approximately 30 GW of nuclear projects owned by itself in different regions across India, aligning with the government's target of achieving 100 GW of nuclear capacity by the year 2047.
It is being understood that NTPC is targeting to achieve 2 GW of nuclear capacity as soon as 2032.
In terms of technology, NTPC has signed non-disclosure agreements with global energy companies Rosatom and EDF to explore collaboration for implementing large pressurised water reactor projects within India.
Additionally, NTPC is working with Holtec International to investigate the use of small modular reactors (SMRs) in forthcoming nuclear initiatives.
Also Read:Electronics PLI: Local design a must, daily progress calls likely: Ashwini Vaishnaw
SMRs present potential benefits, including modular construction, improved safety features, and their adaptability for phased deployment. The company is also assessing a minor equity investment in US-based Clean Core Thorium Energy (CCTE) as a strategic early-stage investment, contingent on the completion of required due diligence and obtaining the necessary statutory and regulatory approvals.
CCTE has created a patented thorium and enriched uranium nuclear fuel known as ANEEL, claiming it is compatible with existing pressurised heavy water reactors (PHWR) and Canada Deuterium Uranium (CANDU) reactors.
Simultaneously, NTPC is actively reviewing land options for nuclear facilities in states such as Gujarat, Madhya Pradesh, Bihar, and Andhra Pradesh, with final site selections to be made after obtaining approval from the Atomic Energy Regulatory Board.
As per NTPC's official website, the company boasts an installed capacity exceeding 85,000 MW at the group level, which includes coal, gas/liquid fuel, hydro, and solar energy.
Currently, NTPC is developing a nuclear project in collaboration with Nuclear Power Corporation of India Ltd (NPCIL) in Rajasthan, with an estimated investment of around ₹42,000 crore.
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