India's Nuclear Power Corporation of India Ltd (NPCIL) Explores Partnerships with State-Run Firms

Strategic Insights -

India's Nuclear Power Corporation of India Ltd (NPCIL) is considering collaborations with state-run companies like Oil and Natural Gas Corp (ONGC), Indian Oil Corp, and NTPC Ltd to finance various nuclear power projects across the country. These partnerships aim to fund several upcoming projects, including a nuclear power plant at Rawatbhata in Rajasthan, which will have an estimated cost of Rs 120 billion. The planned projects will be funded via a mix of 70% debt and 30% equity. NPCIL aims to establish 14 nuclear reactors of 700 MW power production capacity each by 2020.

Key Takeaways:

  • NPCIL is exploring partnerships with state-run firms like ONGC, Indian Oil Corp, and NTPC Ltd to fund several nuclear power projects across India.
  • Indian Oil Corp will acquire a 26% equity stake in the upcoming nuclear power plant at Rawatbhata in Rajasthan for Rs 9 billion.
  • NTPC will buy a 49% stake in two proposed projects in Madhya Pradesh and Haryana.
  • ONGC is expected to acquire stakes in some projects.
  • NPCIL aims to complete the construction of 14 nuclear reactors with 700 MW power production capacity each by 2020.
  • The cost of the Rawatbhata project is estimated at Rs 120 billion.
  • The projects will be funded through a mix of 70% debt and 30% equity.
  • NPCIL currently operates six units at Rawatbhata, with five operational and one decommissioned due to obsolete technology.
  • The construction of two 700 MW indigenous nuclear power reactors at Rawatbhata has commenced, with an expected operational date of the end of 2016.

Statistics:

  • Estimated cost of the Rawatbhata project: Rs 120 billion.
  • Expected operational date of the two 700 MW indigenous nuclear power reactors: end of 2016.
  • Proposed partnership between NPCIL and ONGC: acquisition of stakes in some projects.
  • Proposed partnership between NPCIL and NTPC: acquisition of a 49% stake in two projects in Madhya Pradesh and Haryana.
  • Proposed partnership between NPCIL and Indian Oil Corp: acquisition of a 26% equity stake in the upcoming nuclear power plant at Rawatbhata, worth Rs 9 billion.

Sources:

  • IANS, citing unidentified sources.