Government accords approval for NPCIL-NTPC JV ASHVINI to take up nuclear power generation

The Government of India has approved the transfer of Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) 4x700 MWe based on indigenous PHWR technology, from NPCIL to the JV ASHVINI.

It has also approved an exemption for NPCIL to invest more than Rs 500 crore and an exemption for NTPC to invest more than Rs 5,000 crore in a single JV or subsidiary. 

This will enable adequate financing for accelerated nuclear power capacity additions in India.

In addition to MBRAPP, ASHVINI will also pursue other Nuclear Power Projects in different parts of the country.

This will pave the way for the pooling of resources from both NTPC and NPCIL, in terms of finances, technology, and project expertise, for the rapid expansion of nuclear power productivity in the country to meet the target of net zero by 2070.

The Department of Atomic Energy formally handed over the government's approval to the CMD of NPCIL and the CMD of NTPC on September 17.