NTPC Ltd and Nuclear Power Corporation of India Ltd (npcil) would jointly invest around Rs15,000 crore in the next eight years to set up nuclear power plants in the country. The two public sector corporations have signed an MoU to form a joint venture company to undertake nuclear power projects. The first project, a 2,000-mw nuclear power unit, is expected to come up by 2017.

Despite the current economic recession, India is well on course to surpass the production target of 20,000 MW of nuclear power by 2020, the Atomic Energy Commission chairman Anil Kakodkar said here today.

The Nuclear Power Corporation of India Limited (NPCIL) has started work on four 700 MW nuclear power plants for which the Central Government has given approval in principle, Kakodkar said.

NEW DELHI: India on Wednesday finalised two agreements with Russia for purchase of large quantities of uranium. The Nuclear Power Corporation of India (NPCIL) placed orders for 2,000 tonnes of uranium for its various Pressurised Heavy Water Reactors (PHWRs) with Russia

THE government has promised business worth Rs 100,000 crore ($20 billion) to US companies for supply of nuclear equipment, as it looks to return the favour to Washington for pushing a civilian nuclear deal that ended decades of international nuclear apartheid against India last year, senior central government functionaries and officials closely involved with the process said.

Curiously, the opening up of India's nuclear energy market has seen a simultaneous nuclear renaissance in the US and UK

Nuclear technology titans the world over are vying for the $150 billion sweepstakes of India's nuclear power market now being pried open up by the US-India civil nuclear cooperation agreement of October 2006.

BS Reporter / Mumbai January 22, 2009, 0:12 IST


Will end country

NEW DELHI: After the US, it is the Canadians and British who are eyeing nuclear power deals in India. Officials from the nuclear power industry of the United Kingdom and Canada will be here from Monday to talks on the subject.

Mumbai: US energy major Westinghouse Electric is likely to sign a 'confidentiality' agreement for information sharing with the state-owned Nuclear Power Corporation (NPCIL) next week while another company GE prefers to wait till the 123 Agreement is fully implemented.

Jan. 8: India will scale up nuclear energy production to 60,000 MW by 2030. The country could also consider allowing private players to set up nuclear power plants on their own after they gain experience through collaborative projects with the Nuclear Power Corporation of India Ltd. (NPCIL), special envoy of the Prime Minister on the nuclear deal, Shyam Saran said in the capital on Thursday.