look news india
Ranchi, September 17 (HS). After the approval of the nuclear power scheme from the government on September 11, the government approval was formally handed over to CMD, NPCIL and CMD, NTPC on Tuesday.
Vidyut Nigam Limited (Ashwini) is a joint venture (JV) of Nuclear Power Corporation Limited NPCIL (51%) and NTPC Limited (49%) to build, own and operate nuclear power plants in India as per the provisions of the Atomic Energy Act. In addition, the Government of India has approved the transfer of Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) 4×700 MW based on indigenous PHWR technology from NPCIL to the joint venture company Ashwini.
The government has also approved exemption to NPCIL to invest more than Rs 500 crore and exemption to NTPC to invest more than Rs 5000 crore in a joint venture, subsidiary. This will enable adequate financing for rapid addition of nuclear power capacity in India. Apart from MBRAPP, Ashwini will also work on other nuclear power projects in different parts of the country. This will pave the way for both NTPC and NPCIL to pool resources in terms of finance, technology and project expertise for rapid expansion of nuclear power productivity in the country to meet the goals of Net Zero by 2070.
