NTPC, India's state-owned electricity producer, is gearing up for a significant expansion into nuclear power. The company plans to establish nuclear power projects with capacities ranging from 700 MW to 1,600 MW across various locations in the country. This ambitious goal is part of NTPC's strategy to secure a 30% share (30 GW) of India's proposed 100 GW nuclear capacity by 2047.
Industry estimates reveal that constructing a 1-GW nuclear plant is a substantial undertaking, requiring an investment of Rs 15,000-20,000 crore and typically taking at least three years from concept to commissioning. NTPC is currently evaluating land options in several states, including Gujarat, Madhya Pradesh, Bihar, and Andhra Pradesh, among others, to identify suitable sites for these projects.
The company is also making strategic moves in the raw material sector, exploring the acquisition of overseas uranium assets. Uranium, a naturally occurring metallic element, is the primary fuel used in nuclear reactors. NTPC has already taken a significant step by signing a draft agreement with Uranium Corporation of India Ltd (UCIL) for joint techno-commercial due diligence of uranium assets abroad.
In terms of technology, NTPC plans to utilize indigenously developed pressurized heavy-water reactors (PHWRs) for the 700 MW and 1,000 MW plants. For the more ambitious 1,600 MW nuclear projects, the company may seek technology collaborations.
NTPC's journey into nuclear power is a testament to its evolution from a thermal power generator established in 1975. The company has diversified into new energy sources and currently boasts an installed capacity of 84,848 MW at the group level, encompassing coal, gas/liquid fuel, hydro, and solar power. One of its notable projects is a joint venture with Nuclear Power Corporation of India Ltd (NPCIL) in Rajasthan, where NTPC holds a 49% stake, with NPCIL holding the majority share of 51%.
The company's commitment to nuclear power is further emphasized by Prime Minister Narendra Modi's laying of the foundation stone for the 4x700 MW Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) in September. This project, being set up by ASHVINI (Anushakti Vidhyut Nigam Ltd), signifies NTPC's dedication to expanding its nuclear capabilities and contributing to India's energy future.
