Nuclear Power Corporation of India and the state-owned energy behemoth NTPC signed a joint venture agreement to construct nuclear power projects. The joint venture business would initially
develop two fleet mode nuclear projects that were identified as Pressurised Heavy-Water Reactor (PHWR) projects: the Chutka Madhya Pradesh Atomic Power Project (2x700 MW) and the Mahi Banswara Rajasthan Atomic Power Project (4x700 MW). Power ministry release, "NTPC Ltd. and Nuclear Power Corporation of India Ltd. (NPCIL) signed a supplementary joint venture agreement in New Delhi for the development of nuclear power projects."
Ujjwal Kanti Bhattacharya, Director of Projects at NTPC, and Ranjay Sharan, Director of Projects at NPCIL, signed the contract. For NTPC and NPCIL, this supplemental joint venture agreement represents a crucial step in their collaboration and cooperation in the area of nuclear power project development.
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