Mumbai, July, 22 (EPC News): Nuclear Power Corp of India Ltd (NPCIL) plans to venture into a tie up with state-run firms like ONGC, Indian Oil and NTPC to finance upcoming nuclear power projects. The company had already signed joint venture agreements with Indian Oil, National Thermal Power Corp (NTPC) and the National Aluminium Co (Nalco) for development of different projects in the country.
Indian Oil has agreed to buy 26% equity stake for Rs.900 crore in NPCIL's upcoming nuclear power plant at Rawatbhata, Rajasthan and NTPC will be acquiring 49% stakes in NPCIL's upcoming projects in Madhya Pradesh and Haryana. NPCIL is also working jointly with Nalco to develop a nuclear power plant in Orissa's Ganjam district. NPCIL has already commenced construction works on its two 700MW indigenous nuclear power reactors at Rawatbhata, scheduled to be operational by 2016 at an estimated cost of Rs12, 000 crore. The project is financed through a 70:30 debt-equity ratio.
EPC News Bureau
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epcworld
| Posted on:7/22/2011 at 12:47 PM