NTPC to Submit Feasibility Study for Nuclear Project in India
NTPC to submit first nuclear project feasibility study
The Economic TimesImage: The Economic Times
NTPC, a major power company in India, plans to submit its first feasibility study for a nuclear project to the Department of Atomic Energy. The project aims to establish at least 2 GW of nuclear capacity by 2032, contributing to India's goal of achieving 100 GW of nuclear power by 2047.
- 01NTPC is submitting its first nuclear project feasibility study to the Department of Atomic Energy.
- 02The company aims to achieve at least 2 GW of nuclear capacity by 2032.
- 03NTPC has received approval from the Bihar government for a feasibility study in Banka district.
- 04The company plans to invest significantly in nuclear projects across 14 states.
- 05Industry estimates suggest an investment of ₹15,000-20,000 crore (approximately $1.8-2.4 billion USD) for 1 GW of nuclear capacity.
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NTPC (National Thermal Power Corporation), India's largest power producer, is set to submit its first feasibility study for a nuclear project to the Department of Atomic Energy (DAE). This initiative is part of NTPC's strategy to diversify its energy portfolio and aims to establish at least 2 GW of nuclear capacity by 2032. The company has already received approval from the Bihar government to conduct a feasibility study in Banka district, Bihar. NTPC plans to invest heavily in nuclear energy, targeting a total of 30 GW of nuclear projects across 14 states to help meet the Indian government's ambitious goal of achieving 100 GW of nuclear capacity by 2047. The feasibility studies will assess various factors, including investment needs, land, and water requirements, with estimates indicating that setting up 1 GW of nuclear power could require an investment of ₹15,000-20,000 crore (approximately $1.8-2.4 billion USD). NTPC is exploring potential sites in states such as Gujarat, Andhra Pradesh, Maharashtra, and Madhya Pradesh.
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The establishment of nuclear projects will create job opportunities and contribute to energy security in the states involved.
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