New Delhi: State-run NTPC Ltd has signed a supplementary Joint Venture Agreement with Nuclear Power Corporation of India Ltd (NPCIL) in New Delhi on Monday for the development of nuclear power projects. The agreement was signed by Ujjwal Kanti Bhattacharya, Director (Projects), NTPC, and Ranjay Sharan, Director (Projects), NPCIL, in the presence of RK Singh, Minister for Power and New and Renewable Energy, KN Vyas, DAE Secretary and Chairman of Atomic Energy Commission, Alok Kumar, Secretary, Ministry of Power, Gurdeep Singh, NTPC CMD, BC Pathak, NPCIL CMD 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 2x700 MW and Mahi Banswara Rajasthan Atomic Power Project 4x700 MW, which were identified as a part of fleet mode nuclear projects.
“This Supplementary Joint Venture 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,” said the Ministry of Power.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)