NTPC Expands into Nuclear Power with Joint Ventures and Standalone Projects

NTPC Ltd., India's leading power generation company, is expanding into nuclear energy through joint ventures and standalone projects. The company has formed a joint venture, Anushakti Vidhyut Nigam Ltd., with Nuclear Power Corporation of India Ltd (NPCIL), owning 49% stake. NTPC has also established a new subsidiary, NTPC Parmanu Urja Nigam Ltd., for standalone nuclear initiatives. The company's entry into nuclear energy is scheduled for December 2024, aiming to diversify its energy portfolio and contribute to India's clean energy goals. NTPC Group currently has an installed capacity of 82,926 MW across 106 stations.