NTPC to invest Rs 3-4 trillion for 20 GW nuclear capacity by 2047
Author: PPD Team Date: November 29, 2024
NTPC plans to invest Rs 3-4 trillion to develop 20 GW of nuclear power capacity by 2047.
It aligns with the government’s target of achieving 100 GW under the Viksit Bharat mission.
NTPC’s first nuclear project, the 2,800 MW Mahi Banswara plant in Rajasthan, will be a joint venture with the Nuclear Power Corporation of India (NPCIL), involving an investment of Rs 450-500 billion. Groundwork is expected to begin by the end of this financial year, with NPCIL holding a 51% stake in the joint venture, Anushakti Vidhyut Nigam.
Post-Mahi Banswara, NTPC plans to undertake nuclear projects independently but will not be part of the 1,400 MW Chutka Madhya Pradesh Atomic Power Project.
Simultaneously, NTPC is advancing renewable energy through its subsidiary, NTPC Green Energy, targeting 60 GW of capacity by 2030-32, an earlier milestone than its original 2032 goal. This renewable energy expansion, which includes solar, wind, green hydrogen, and alternative fuels like methanol and ethanol, is expected to cost Rs 3.25 trillion. By 2026-27, 19 GW of renewable capacity is expected to be operational at an investment of Rs 1 trillion.
Overall, NTPC plans to spend Rs 5 trillion on green energy projects by 2030.
