NTPC in talks with foreign cos on nuclear energy

State-run NTPC Ltd., India's biggest power producer, is in initial talks with a range of foreign technology suppliers to expand in nuclear energy as the country steps up its decarbonization efforts, a company executive said.

- Bloomberg

Electricite de France SA, Korea Hydro & Nuclear Power, Rosatom Corp, plus US firms GE Vernova Inc and Holtec International Corp. are among the companies in discussion with NTPC over technology cooperation, said the executive familiar with the conversations, asking not to be named as the plans aren't yet public. The company aims to add 10 gigawatts of atomic energy capacity by 2033 and will target small modular reactors as well as larger ones, he added.

It could still take months for the deal to be signed, the executive said.