NTPC to appoint consultant to identify uranium mines overseas

The move will be part of NTPC’s plan to secure raw material for its nuclear projects to be set up on individual basis

- 

State-owned NTPC will appoint a consultant to identify uranium mines overseas after signing a formal agreement with Uranium Corporation of India Ltd (UCIL), a company official said.

The move will be part of the company’s plan to secure raw material for its future nuclear projects to be set up on individual basis.

At present, NTPC is setting up a nuclear project in a joint venture (JV) with Nuclear Power Corporation of India Ltd (NPCIL) in Rajasthan at an investment of about Rs 42,000 crore. While NTPC has 49 per cent stake in ASHVINI, NPCIL has majority 51 per cent shareholding.