ADAG is silently doing the groundwork for its ambitious nuclear power project. The group company Reliance Infrastructure (R-Infra) has formed a nuclear power initiative group, and roped in V K Chaturvedi, former Chairman of Nuclear Power Corporation (NPCIL), to head it. The company is in talks with several domestic and foreign nuclear reactor builders, including GE, Russia’s Atomstroy Export and state-run NPCIL for a possible JV. Till the time, private entities are actually allowed to get into the nuclear power generation, R-Infra’s nuclear power initiative group will explore all entry avenues in this emerging sector.
Simultaneously, Reliance Power has also decided to undertake intitial investments of about Rs. 20,000 crore to foray into nuclear power generation - initially setting up 1,000-1,500 MW of capacity, and then expanding on to higher capacities.
At present, India has 17 nuclear power plants, all owned by NCPIL, with a total installed capacity of 4,120 MW. NPCIL plans to set up 15 nuclear plants over the next 20 years. According to estimates, installed nuclear power capacity in India is expected to reach c.20,000 MW by the year 2020.
Many companies, both foreign and domestic, are waiting for amendment in the Atomic Energy Act and clearance from Parliament on private participation in the nuclear energy generation in the country. It is learnt that Indian companies, led by Anil Ambani’s Reliance Power, NPCIL and Bhel plan to invest over Rs. 1,00,000 crore in the next five years to expand their presence in the nuclear energy sector after the country signs the nuclear agreement with the US, paving the way for import of fuel and transfer of technology.
Simultaneously, Reliance Power has also decided to undertake intitial investments of about Rs. 20,000 crore to foray into nuclear power generation - initially setting up 1,000-1,500 MW of capacity, and then expanding on to higher capacities.
At present, India has 17 nuclear power plants, all owned by NCPIL, with a total installed capacity of 4,120 MW. NPCIL plans to set up 15 nuclear plants over the next 20 years. According to estimates, installed nuclear power capacity in India is expected to reach c.20,000 MW by the year 2020.
Many companies, both foreign and domestic, are waiting for amendment in the Atomic Energy Act and clearance from Parliament on private participation in the nuclear energy generation in the country. It is learnt that Indian companies, led by Anil Ambani’s Reliance Power, NPCIL and Bhel plan to invest over Rs. 1,00,000 crore in the next five years to expand their presence in the nuclear energy sector after the country signs the nuclear agreement with the US, paving the way for import of fuel and transfer of technology.
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