New Delhi, February 5: The state-owned power producer NTPC is planning to establish a nuclear energy capacity of 30 gigawatts by 2047. This information was shared by Union Minister of State for Power, Shri Pralhad Joshi, in Parliament on Thursday.
After obtaining all necessary approvals, NTPC has formed a wholly-owned nuclear subsidiary named NTPC Nuclear Power Corporation Limited (NPCL) under the Companies Act.
In a written response to a question in the Lok Sabha, the minister stated, “NTPC’s target of 30 gigawatts is part of the government’s decision to achieve 100 gigawatts of nuclear capacity by 2047.”
The minister further noted that a joint venture between NTPC and Nuclear Power Corporation of India Limited (NPCIL) is in the process of establishing a 4X700 megawatt nuclear power project in the Banswara district of Rajasthan.
This plant is referred to as the Mahi Banswara Rajasthan Nuclear Power Project (MBRAPP). Current estimates suggest that the initial testing of the first 700 megawatt unit of MBRAPP will commence in the fiscal year 2032-33.
The minister also mentioned that NTPC Limited has issued an Expression of Interest (EOI) to explore potential collaborations with various options and international partners.
Last month, NTPC recorded an increase of 359.58 megawatts in commercial capacity through various solar projects in its subsidiaries in Gujarat and Rajasthan, raising the group’s total commercial capacity to over 85.5 gigawatts.
NTPC contributes to one-fourth of India’s electricity needs, with an established capacity exceeding 85 gigawatts, and an additional 30.90 gigawatts under construction, which includes 13.3 gigawatts of renewable energy capacity.
The company aims to achieve 60 gigawatts of renewable energy capacity by 2032, strengthening India’s net-zero goals.
According to the company, with a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is focused on providing reliable, affordable, and sustainable electricity to the country.