New Delhi, Dec 10: with a view to give a boost to nuclear power generation in the country, the government has proposed joint ventures between Nuclear Power Corporation of India (NPCIL) and other Public Sector Undertakings (PSUs) like the NTPC, Indian Oil and NALCO.
The Lok Sabha was informed on Wednesday that this is subject to the passing of Atomic Energy Amendment Bill 2015 introduced in the House this week.
Considering the large equity requirements of the planned expansion of nuclear power programme, these JV with with energy majors like NPCIL and NTPC, NPCIL and Indian Oil Corporation Ltd and NPCIl and NALCO Power Ltd will be taken up by these companies after allotment and approval of the same by the government,” Minister of State for Prime Minister’s Office Jitendra Singh said in a written reply. He added that the decision was taken due to “inadequate funds” to power future nuclear energy projects.
