AERB clears excavation for Mahi Banswara nuclear project Units 1 and 2
Author: PPD Team Date: March 30, 2026
Author: PPD Team Date: March 30, 2026
The Atomic Energy Regulatory Board (AERB) has granted approval to begin excavation activities for Units 1 and 2 of the Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) in Rajasthan. The units are based on the standard 700 MWe Pressurised Heavy Water Reactor (PHWR) design.
The project is located in Banswara district, Rajasthan, and is being implemented by Anushakti Vidyut Nigam Limited (ASHVINI). The company was formed in 2024 as a joint venture between Nuclear Power Corporation of India Limited (51%) and NTPC Limited (49%) to develop and operate nuclear power plants under the Atomic Energy Act, 1962.
The excavation approval follows an earlier site construction consent issued to NPCIL in May 2025 for Units 1 to 4 of the project. This consent was transferred to ASHVINI in September 2025.
The 700 MWe PHWR units planned at MBRAPP Units 1 and 2 are similar to Units 3 and 4 of Kakrapar Atomic Power Station, which were licensed for regular operation in July 2025. Similar units, Rajasthan Atomic Power Project Units 7 and 8, are currently under commissioning at Rawatbhata.
The Mahi Banswara project has a total planned capacity of 2,800 MW. It was inaugurated in September 2025 by Narendra Modi. The project is being developed at an estimated cost of Rs 420 billion and is intended to provide base load power. The first unit is targeted for commissioning in 2031, with full project completion expected by 2036.
The featured photograph is for representation only.
Author: PPD Team Date: April 17, 2025 The European Commission has approved a €400 million Spanish State aid scheme to support the production of renewable hydrogen. The scheme will be implemented through the European Hydrogen Bank’s Auctions-as-a-Service tool. It will enable the construction of up to 345 MW of electrolyser capacity and the production of up to 221,000 tonnes of renewable hydrogen in Spain. The support will help the country move towards its national target…
Author: PPD Team Date: July 28, 2025 Torrent Power Ltd. is in discussions to acquire the thermal power business of Larsen & Toubro Ltd. (L&T) in a deal estimated at around $1 billion, including debt. Both companies are working with financial advisers as part of the ongoing process. The transaction, if completed, would support L&T’s plans to raise funds and reduce debt. The deal structure is not final and may change. L&T has been exploring…
Author: PPD Team Date: October 28, 2024 Copenhagen Energy and PetroGreen Energy Corporation have obtained the Green Lane Certificate from the Philippine Board of Investments for their joint floating offshore wind projects under BuhaWind Energy Philippines. This certification will accelerate the permit process, facilitating faster development of their planned 4 GW offshore wind farms. The initiative includes three projects: A 2 GW wind farm in Northern Luzon, targeted for operation by 2030. A 1 GW…
Author: PPD Team Date: February 10, 2026 Genus Power Infrastructures Limited has announced the appointment of a senior executive director and approved its financial results for the third quarter ended December 31, 2025. The decisions were taken at a meeting of the Board of Directors held on February 9, 2026. The board approved the appointment of Nathu Lal Nama as an Additional and Whole Time Director (Executive Director) for a period of two years, effective…
Author: PPD Team Date: May 22, 2025 Reliance Power Limited has signed a commercial term sheet for a long-term power purchase agreement (PPA) with Green Digital Private Limited (GDL), a subsidiary of Druk Holding and Investments Limited (DHI). DHI is the investment arm of the Royal Government of Bhutan. The agreement outlines a 50:50 joint venture between Reliance Power and DHI to develop a 500 MW solar power project in Bhutan. With an estimated investment…
Author: PPD Team Date: October 16, 2024 Renewable power companies BrightNight and Cordelio Power have secured $260 million in tax-equity financing for the 300MW Box Canyon solar project in Pinal County, Arizona. The financing, provided by affiliates of JP Morgan and Capital One, will help monetise production tax credits via a partnership flip structure. The Box Canyon solar project, expected to be commissioned in the first half of 2025, will generate enough electricity to power…