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The company aims to set up about 30 GW of self-owned nuclear projects in various regions across India in line with the government’s target of achieving 100 GW nuclear capacity by 2047.
It is understood that NTPC is aiming to achieve 2 GW nuclear capacity by 2032.
In terms of technology, NTPC has signed non-disclosure agreements with global energy companies Rosatom and EDF to explore collaboration to implement large pressurized water reactor projects within India.
Additionally, NTPC is working with Holtec International to investigate the use of small modular reactors (SMRs) in upcoming nuclear initiatives.
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SMRs offer potential advantages, including modular construction, improved safety features, and their adaptability to phased deployment. The company is also evaluating a minority equity investment in US-based Clean Core Thorium Energy (CCTE) as a strategic early-stage investment, contingent on the completion of due diligence and obtaining the necessary statutory and regulatory approvals.
CCTE has created a patented thorium and enriched uranium nuclear fuel known as ANEEL, claiming it is compatible with existing pressurized heavy water reactors (PHWR) and Canada Deuterium Uranium (CANDU) reactors.
Along with this, NTPC is actively reviewing land options for nuclear facilities in states like Gujarat, Madhya Pradesh, Bihar and Andhra Pradesh, and the final site will be selected after obtaining approval from the Atomic Energy Regulatory Board.
According to the official website of NTPC, the company claims to have an installed capacity of over 85,000 MW at the group level, which includes coal, gas/liquid fuels, hydro and solar power.
Currently, NTPC is developing a nuclear project in Rajasthan in collaboration with Nuclear Power Corporation of India Limited (NPCIL) with an estimated investment of about ₹42,000 crore.