Schedule a Call Back
Govt approves NPCIL-NTPC JV company ASHVINI to start nuclear power generation
Industry News- Sep 18,24
The Govt has also approved exemption to NPCIL to invest more than Rs 5 billion and exemption to NTPC to invest more than Rs 50 billion in a single joint venture/subsidiary company.
The Government on September 11, 2024 accorded approval to the Anushakti Vidhyut Nigam Ltd. (ASHVINI), a Joint Venture (JV) of Nuclear Power Corporation of India Limited – NPCIL (51%) and NTPC Ltd. (49%) to build, own & operate nuclear power plants in India in accordance with provisions of the Atomic Energy Act. Additionally Govt. of India has approved transfer of Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) 4x700 MWe based on indigenous PHWR technology, from NPCIL to the JV Company ASHVINI.
The Govt has also approved exemption to NPCIL to invest more than Rs 5 billion and exemption to NTPC to invest more than Rs 50 billion in a single joint venture/subsidiary company. This will enable adequate financing for accelerated Nuclear Power capacity addition in India. In addition to MBRAPP, ASHVINI shall also pursue other Nuclear Power Projects in different parts of the country.
This will pave the way for pooling of resources from both NTPC & NPCIL, in terms of finances, technology & project expertise for the rapid expansion of nuclear power productivity in the country to meet the targets of net zero by 2070.
Department of Atomic Energy has formally handed over the Government approval to CMD, NPCIL and CMD, NTPC on 17.09.2024.
Related Stories
Machine Tools & Accessories
Advait Starts Ahmedabad Facility Operations
Advait Energy Transitions has commenced operations at its integrated Gangad facility in Ahmedabad, as Q1 FY27 consolidated revenue rose 48 per cent YoY to Rs 1.79 billion.
Read moreElectrical & Electronics
Waaree Transpower secures Rs 1.6 billion BESS equipment order
Waaree Transpower has secured an order worth about Rs 1.6 billion to supply 8.3 MVA Medium Voltage Skids for Battery Energy Storage System applications.
Read moreElectrical & Electronics
Emerson SCADA supports Adani Green’s 3.55 GWh BESS project
Emerson’s Ovation Green SCADA software is supporting Adani Green Energy’s 3.55 GWh battery storage project at Khavda, Gujarat, delivered within 10 months.
Read moreRelated Products
Kusam-meco Handheld Thermal Camera Model- Km 300
ELECTRICAL & ELECTRONIC EQUIPMENT
KUSAM-MECO, the innovators of new products in the Test and Measurement field, have added a new Thermal Imager with Camera.
Read more
Ultra-slim Humidity/temperature Indicator With Large 4” Display
ELECTRICAL & ELECTRONIC EQUIPMENT
Countronics offers a wide range of ultra-slim humidity/temperature indicator with large 4” display – Model 7100-4W.
Read more
Integrated Electric Gripper S Series
ELECTRICAL & ELECTRONIC EQUIPMENT
IBK Engineers Pvt Ltd offers a wide range of integrated electric gripper S series.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
