NTPC's Clean Energy Initiative
NTPC, India's leading power producer with a strong dependence on coal-fired generation, is advancing in its clean energy efforts by engaging in a mega nuclear power project. This initiative involves securing preliminary offers from companies in the US, South Korea, France, and Russia.
Nuclear Power Project Details
- NTPC has initiated discussions with the World Bank for financing, following the Bank's decision to re-enter nuclear power project funding.
- The project aims to establish 15 gigawatts (Gw) of new nuclear capacity, doubling the current capacity, with potential technology transfer agreements.
- This aligns with India's goal to increase nuclear generation capacity to 100 Gw by 2047 from the current 8.8 Gw.
Global Collaborations and Technology Transfer
- Interest from nuclear technology companies includes Brookfield-controlled Westinghouse (US), KEPCO (South Korea), EDF (France), and Rosatom (Russia).
- Rosatom is involved in the 6 Gw Kudankulam plant in Tamil Nadu, while EDF is contributing to NPCIL's Jaitapur project in Maharashtra, and Westinghouse in the Kovvada project in Andhra Pradesh.
Financing and Economic Feasibility
The World Bank's renewed support has improved the viability of high-capital-cost nuclear projects. The International Atomic Energy Agency (IAEA) collaboration further enhances financing opportunities.
Strategic Developments and Approvals
- NTPC is moving forward with construction plans for a new nuclear plant in Rajasthan, having secured environment and forest approvals.
- The company is exploring the use of foreign technology for domestic projects, with ongoing discussions on technology and licensing issues.
- Efforts are in partnership with the Nuclear Power Corporation to develop indigenous pressurised heavy water reactors (IPHWRs) at the Mahi Banswara site in Rajasthan.
Future Prospects and Government Support
- The government is addressing liability issues in parliamentary amendments to facilitate foreign collaboration.
- NTPC is negotiating with multiple states, including Madhya Pradesh and Chhattisgarh, to establish new nuclear sites.
- The Expression of Interest (EoI) encourages cooperation in technology indigenisation and large-capacity development, emphasizing a "concept-to-commissioning" approach.
