New Delhi, Nov 19: with a view to fast-track nuclear power projects in the country, the Union Cabinet today decided to amend the Atomic Energy Act to enable Nuclear Power Corporation of India Ltd. (NPCIL) to enter into joint ventures with other public sector undertakings (PSUs).
The amendment has been brought in to facilitate the fast expansion of the nuclear power, utility and establishment, and this is living up to India’s commitment of using nuclear energy for peaceful purpose.
The move will help in getting funds for big ticket projects. Concern over lack of financial resources has been raised by the Department of Atomic Energy (DAE) frequently. The amendment will enable NPCIL, which is one of the PSUs of DAE, to enter into joint ventures with other government undertakings.
