Author: PPD Team Date: 15/04/2025
The Nuclear Power Corporation of India Ltd (NPCIL) is in talks with central public sector undertakings (PSUs), including Indian Oil Corporation (IOC) and Indian Railways, for joint development of nuclear power plants.
Several states have shown interest in acquiring minority stakes in upcoming nuclear projects. According to NPCIL, state participation would ease land acquisition and clearances, making the projects more feasible.
NPCIL already operates a joint venture with IOC and Neyveli Lignite Corporation. The collaboration model is expected to expand, combining PSU investment capacity with local government facilitation.
NPCIL has set a target to reach 50 GW of nuclear power capacity by 2047. This includes 30 GW from pressurised heavy water reactors (PHWRs) and 24 GW from light water reactor (LWR) technology. The company noted its proven 700 MW reactor design is scalable, helping accelerate capacity additions.
Among recent developments, the 700 MW PHWR at Rajasthan Atomic Power Project (RAPP) Unit 7 was recently connected to the grid. RAPP Unit 8 is expected to be commissioned within the current financial year. At Kudankulam, four additional LWR units (total 4,000 MW) are under construction, with commissioning set to begin in phases from next year.
The collaboration model is designed to ensure smoother implementation by aligning regulatory processes and local support.