India’s nuclear power sector is witnessing substantial traction as Nuclear Power Corporation of India Ltd (NPCIL) gains interest from major central public sector undertakings (PSUs) and state governments for collaborative development of nuclear power plants. With this strategic push from the country, it is poised to meet the country’s long-term energy goals.
Indian Oil Corporation and Indian Railways expressed their willingness to partner in nuclear ventures. Indian Oil has already made a joint venture with NPCIL and Neyveli Lignite Corporation. Many states have also expressed interest in investing minor stakes in upcoming nuclear projects.
"We are going to have tie-ups, maybe with other central PSUs also. They are interested. We already have a joint venture with Indian Oil Corporation. We need to operationalise that as there is growing interest now," said NPCIL chairman and managing director Bhuwan Chandra Pathak. "In some way, if they (states) are connected with us, it will be of great help to us, so we are also interested," he added.
NPCIL targets to achieve 22 GW by 2031-32 and targets 50 GW by 2047. The company’s recent milestones include key developments, including the connection of the 700 MW RAPP unit 7. The upcoming RAPP unit 8 and four 1000 MW Kudankulam units are expected to impact India’s nuclear power capacity.
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