NTPC Ltd, on Monday, signed a supplementary joint venture agreement with Nuclear Power Corporation of India Ltd (NPCIL) for the development of nuclear power projects, a power ministry statement said.
This supplementary joint venture agreement marks a pivotal step for NTPC Ltd and NPCIL to collaborate and cooperate in the field of development of nuclear power projects which shall help the country in meeting its clean energy commitments to achieve a net zero emission target by 2070.
Initially, the JV company will develop two pressurised heavy-water reactor (PHWR) projects, Chutka Madhya Pradesh Atomic Power Project 2×700 MW and Mahi Banswara Rajasthan Atomic Power Project 4×700 MW, which were identified as a part of fleet mode nuclear projects, the government said in its release.
