As part of its proposed diversification activities, National Aluminium Company Ltd (Nalco) has decided to enter into an (MoU) with the Nuclear Power Corporation of India Ltd (NPCIL) to produce nuclear power.
Signing of a nuclear deal with USA by India has ended isolation of the country from sources of nuclear fuel and paved the way for large-scale generation of nuclear power in the country. The Government of India has reportedly decided to produce nuclear power with the support of Central PSUs. Accordingly, the NPCIL, which is eyeing setting up of a nuclear power plant in Odisha, has roped in Nalco, the first Navratna company in the State, revealed sources.
An MoU would be signed soon between NPCIL and Nalco for a joint venture (JV), official sources said. The JV company would set up a 1,000-megawatt nuclear power plant with an investment of Rs 8,500 crore. A site has been identified near Berhampur in Ganjam district for the plant, said an official in the Department of Energy.
Signing of a nuclear deal with USA by India has ended isolation of the country from sources of nuclear fuel and paved the way for large-scale generation of nuclear power in the country. The Government of India has reportedly decided to produce nuclear power with the support of Central PSUs. Accordingly, the NPCIL, which is eyeing setting up of a nuclear power plant in Odisha, has roped in Nalco, the first Navratna company in the State, revealed sources.
An MoU would be signed soon between NPCIL and Nalco for a joint venture (JV), official sources said. The JV company would set up a 1,000-megawatt nuclear power plant with an investment of Rs 8,500 crore. A site has been identified near Berhampur in Ganjam district for the plant, said an official in the Department of Energy.
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