NTPC Ltd and Nuclear Power Corporation of India (NPCIL) plan to invest about Rs 50,400 crore in a 2,800 MW nuclear power plant at Mahi-Banswara. The two state-owned companies will jointly develop this project. The tendering process is expected to begin this financial year.
A proposal to transfer the nuclear units to their joint venture, Anushakti Vidhyut Nigam Ltd, from NPCIL is set to be approved by the Cabinet this month. However, NTPC will no longer be part of the 1,400 MW Chutka Madhya Pradesh Atomic Power Project, which was also to be developed with NPCIL. The Mahi-Banswara project will provide NTPC with valuable experience for its future nuclear energy plans.
Green IPO
NTPC plans to list its green energy arm, NTPC Green Energy Ltd (NGEL), in November, aiming to dilute 10% of its stake. By then, NGEL is expected to have an installed capacity of 4,000 MW, with another 8,000 MW under construction, and an additional 8,000 MW in development. NGEL will lead NTPC’s clean energy projects, including plans to add 60 GW of renewable energy capacity by 2032 and develop pumped hydro storage and green hydrogen and ammonia manufacturing projects.
Coal Procurement
For the first time, NTPC has placed an order to procure 1 million tonnes of coal from commercial coal mines opened to the private sector in 2020. This tender, issued last month, is based on ‘quantity and quality’ and is expected to be cheaper than importing coal.
