NTPC Seeks Global Partners for 15 GW Nuclear Power Expansion

India’s largest power producer, NTPC, is looking for international partners to help build nuclear power plants with a total capacity of 15 gigawatts (GW). This is the first major step since India decided to open its tightly regulated nuclear sector to more players.

What NTPC is Looking For

NTPC plans to set up nuclear power plants using pressurised water reactor technology. It is seeking partners who can provide:

• Technology and expertise for building the plants 
• A lifetime supply of nuclear fuel 
• Clearance from their home country’s authorities 
• Compliance with Indian regulations, including licensing for their technology 

India’s Nuclear Energy Laws and Reforms

Under the current Atomic Energy Act of 1962, private companies cannot invest in nuclear power plants. Additionally, strict liability rules under the Civil Liability for Nuclear Damage Act, 2010 have kept foreign firms like GE and Westinghouse from entering the market.

However, in February 2024, India announced plans to amend its nuclear liability law. This move aims to attract private and foreign investments in nuclear energy.

India’s Nuclear Energy Goals

• India’s state-run Nuclear Power Corporation of India Limited (NPCIL) is currently the only nuclear operator with a total capacity of about 8 GW. 
• The government aims to increase nuclear capacity to 20 GW by 2032 and reach 100 GW by 2047. 

NTPC’s Long-Term Vision

NTPC plans to develop 30 GW of nuclear power over the next 20 years, with an estimated investment of $62 billion. This expansion is part of India’s broader strategy to reduce dependence on coal and increase clean energy production.

About NTPC Ltd

NTPC Ltd, along with its subsidiaries, associates, and joint ventures, focuses on generating and supplying bulk power to state utilities. The group also engages in consultancy, project management, energy trading, coal mining, and oil & gas exploration.

As of April 2 at 12:34 p.m., NTPC share price stood at ₹350, down 0.62%.

Conclusion

NTPC’s ambitious nuclear expansion aligns with India’s push for clean energy and reduced reliance on coal. By partnering globally, it aims to accelerate nuclear power growth and meet future energy demands.

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