NPCIL-NTPC JV to set up 4,200-MW nuclear power projects
The Anushakti Vidhyut Nigam Ltd, an atomic power joint venture of two power companies - Nuclear Power Corporation of India Ltd (NPCIL) and the NTPC Ltd
image for illustrative purpose
Chennai: The Anushakti Vidhyut Nigam Ltd, an atomic power joint venture of two power companies - Nuclear Power Corporation of India Ltd (NPCIL) and the NTPC Ltd - seems to be moving 13 years after the two signed an agreement, but with a change. The two companies - NPCIL, a nuclear power major and NTPC, a thermal power major - amended their earlier joint venture agreement on Monday into a 50:50 partnership.
As per the earlier agreement signed on April 27, 2010, the equity holding pattern in Anushakti Vidhyut was to be 51 per cent for NPCIL and 49 per cent for NTPC. Initially, Anushakti Vidhyut shall develop two Pressurized Heavy-Water Reactor (PHWR) projects for a total capacity of 4,200 MW.
