NNTPC Limited has initiated site selection studies in four states, including Gujarat and Andhra Pradesh, to set up nuclear projects as part of its long-term 30 GW nuclear energy plan.
The other two states are Odisha and Madhya Pradesh, according to a post-earnings presentation of NTPC.
NTPC expands focus on nuclear energy
As part of its energy diversification strategy, NTPC is looking to set up 30 GW of nuclear projects in at least 14 states with investments worth lakhs of crores to contribute to the government’s ambitious 100 GW nuclear capacity target by 2047.
The company has “identified potential sites in multiple states and site selection studies commenced in Andhra Pradesh, Madhya Pradesh, Gujarat and Odisha”, NTPC said in the presentation.
It will be beneficial for NTPC to set up projects in the coastal states, as out of various other inputs, continuous water supply is a key requirement for a nuclear project, an expert said.
Earlier, sources said NTPC will soon submit its first feasibility study for a nuclear project with the Department of Atomic Energy (DAE) to seek its approval.
Besides, the company was also in the process of conducting feasibility studies in two more states, they added.
Rajasthan nuclear project already underway
At present, NTPC is setting up a 4X700 MW nuclear project in a 49:51 per cent joint venture (JV) with Nuclear Power Corporation of India Limited in Rajasthan at an investment of about Rs 42,000 crore.
In FY25, NTPC established a wholly-owned subsidiary NTPC Parmanu Urja Nigam Limited with a focus on advanced nuclear technologies.
Established in 1975 as a thermal power generator, NTPC Ltd has steadily expanded and diversified into new energy sources.
According to the NTPC website, the company currently has an installed capacity of 90,667.8 MW at group-level, spanning coal, gas/liquid fuel, hydro and solar power.