NTPC to spend $62 bn on 30 GW of nuclear power

Indian state power company NTPC is looking to build 30 gigawatts (GW) of nuclear power capacity over the next two decades, three times more than expected, at a cost of $62 billion, three sources said.

- Reuters

NEW DELHI:

The country's top power producer, which mainly runs coal-fired plants, is seeking land for its ambitious plan in a country where local resistance to such projects is high, said the sources, who have direct knowledge of the matter.

NTPC was targeting 10 GW of nuclear capacity but tripled the goal after the government this month announced plans to open up the sector to foreign and private investment, the sources said.

"NTPC plans to lead India's nuclear power plan just as it did in the thermal sector," one of the sources said. "The identified sites are promising and hold potential for large capacity addition."

An NTPC spokesperson did not respond to a request for comment.