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NTPC taps EDF, 2 others for modular reactors

Mint Mumbai

|

December 04, 2024

State-run power generator NTPC Ltd is in discussions with EDF of France, Rosatom State Corp. of Russia and Westinghouse Electric Corp. of the US to build small modular reactors (SMRs) in India, two people aware of the matter said.

- Rituraj Baruah

NTPC taps EDF, 2 others for modular reactors

SMRs are factory-built reactors with a capacity of up to 300 MW, unlike conventional reactors built onsite with thrice as much capacity.

"NTPC is in talks with several global nuclear power companies for SMR development. EDF, Rosatom and Westinghouse are the major names. The search is for a technology partner. Things are yet to take a concrete shape, but the company is serious about indigenously developing SMRs in India," said one of the two people mentioned above.

Installing small reactors at locations unsuitable for larger ones is expected to help India in its quest for 20GW of nuclear power by 2030, up from the current 7.48 GW. The government and public sector energy companies have been keen on developing SMRs, as nuclear power is seen as key to India's ambitious energy transition goals. India is targeting to build 500 GW of non-fossil fuel power capacity by 2030.

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The world sees hope for a two-state solution. Israelis and Palestinians see none.

Rising global chagrin with Israel is leading to a push to revive the two-state solution. This may be its last chance

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Govt scans prices for profiteering as tax cuts kick in

As the biggest reform in India's goods and services taxes (GST) rolls out today, the Centre will be monitoring whether companies actually pass on the tax cuts or keep the gains to themselves.

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Vengeance is far harder to carry out than it may seem

n June last year, aman named Renukas-wamy, who worked ina medical shop, was found dead miles away from home in a drain in Bangalore.

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H-1B fee hike spells gloom for Indian IT

Bigger firms may handle costs better, other sectors affected too

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PM asks small businesses, states to back swadeshi movement

Prime Minister Narendra Modi on Sunday appealed to states and micro, small, and medium enterprises (MSMEs) to play a key role in boosting the domestic manufacturing sector with globally acclaimed quality products that will fuel India’s pursuit of prosperity on the back of a swadeshi movement.

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ChrysCapital to whip up a $200 million dessert storm

India-focused private equity firm ChrysCapital is sweetening its portfolio with a $200-million push into the desserts space, following last month's acquisition of patisserie chain Theobroma, two people familiar with the matter said on condition of anonymity.

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'Skill education to join school syllabus'

The government is considering to add skill based learning be incorporated in the curriculum of Class 11 and 12 as per the recommendations of the National Education Policy 2020 (NEP 2020), Union minister Dharmendra Pradhan said on Sunday.

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Govt may not fine green project exits

Until now, such surrender of projects wasn't allowed. In case developers sought to abandon projects, the government forfeited their bank guarantees

time to read

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