Govt proposes joint venture between NPCIL and NTPC, NALCO

The government has proposed joint ventures between Nuclear Power Corporation of India (NPCIL) and other Public Sector Undertakings (PSUs) like the NTPC, Indian Oil and NALCO.

• This is subject to the passing of Atomic Energy Amendment Bill 2015introduced in the Lok Sabha.

Objective : To give boost to nuclear power generation in the country.

Highlights :

• The JVs proposed with other PSUs is to pool equity for expanding installed nuclear power capacity.
• These JV with with energy majors like NPCIL and NTPC, NPCIL and Indian Oil Corporation Ltd. NPCIL and NALCO Power Ltd will be taken up by these companies after allotment and approved by the government.