NLC India Limited, NPCIL form joint venture for nuclear power projects
NLC India Limited has signed a memorandum of understanding with Nuclear Power Corporation of India Limited to create a joint venture for nuclear power projects. This collaboration aims to develop indigenous Pressurised Heavy Water Reactor-based projects and enhance India's clean energy capacity. The partnership is part of India's goal to achieve 100 GW of nuclear power capacity by 2047, contributing to long-term energy security and climate commitments.
- ▪NLCIL and NPCIL have formed a joint venture to establish nuclear power projects in India.
- ▪The collaboration will focus on developing 700 MW indigenous Pressurised Heavy Water Reactor-based projects.
- ▪India aims to achieve 100 GW of nuclear power capacity by 2047 as part of its climate commitments.
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NLC India Limited (NLCIL) has inked a memorandum of understanding with Nuclear Power Corporation of India Limited (NPCIL) to form a joint venture for establishment of nuclear power projects in the country, marking a significant step towards strengthening the country’s clean energy transition.The MoU was signed by NLCIL Director (Power) M. Venkatachalam and Rajesh, Director (Technical) of NPCIL in the presence of Prasanna Kumar Motupalli, Chairman and Managing Director of NLCIL and Functional Directors of both companies.The proposed collaboration will focus on development of 700 MW indigenous Pressurised Heavy Water Reactor (PHWR)-based nuclear power projects, or any other power reactor of suitable capacity based on latest technologies and mutually-agreed terms.
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