Four new nuclear power plants planned for India

A plan worth $3.73bn is in the offing to set up four new nuclear power plants in India.

Nuclear Power Corp. of India Ltd. plans to set up four 700 MW units, two each in Haryana and Madhya Pradesh states, S.A. Bhardwaj, a technical director at the company, told Dow Jones Newswires.
S.A. Bhardwaj
  The company is awaiting government approval for the project.

  "We have acquired land in Haryana and will do the same in Madhya Pradesh in the next   three-four months," he added.

Mr. Bhardwaj said the company plans to fund about 70 per cent of project via debt. Nuclear Power Corp. will fund the rest along with its partners.

He said the company is in talks with Oil & Natural Gas Corp. (500312.BY) for a partnership, but declined to give details.

In an effort to lower carbon emissions and diversify energy sources India is building more nuclear, solar and wind power projects, including 19 nuclear power plants with a total capacity of 17.4 GW over the next five years

For more nuclear power news.




Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...