NTPC Set to Spend $62 Billion to Build 30GW Nuclear Power

NTPC tripled its nuclear capacity goal after govt made plans to open up the sector

- Reuters

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

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 10GW 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.