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News Topical, Digital Desk : NTPC, the country's largest power producer, is planning to acquire uranium assets abroad to secure fuel for its future nuclear projects, a company official said. Established in 1975 as a thermal-based power producer, NTPC Ltd. is now expanding its capacity and adopting new methods of energy production.
According to NTPC's website, the company has a total installed capacity of 83,026 MW, based on sources such as coal, gas/liquid fuel, hydropower, and solar energy.
Focusing on clean energy, NTPC plans to launch joint venture and individual nuclear projects at various locations in India. An official told PTI, "We are exploring the possibility of acquiring uranium assets abroad for fuel. Our board has approved a draft Memorandum of Understanding (MoU) with Uranium Corporation of India Limited (UCIL) for joint technology-commercial investigation of foreign uranium assets." NTPC will soon enter the nuclear power business through ASHVINI, a joint venture with Nuclear Power Corporation of India Limited (NPCIL). NPCIL holds a 51% stake in the joint venture and NTPC holds a 49% stake. This venture will launch the 2,800 MW Mahi Banswara Atomic Energy Project in Rajasthan. This project will be constructed and operated in accordance with the provisions of the Atomic Energy Act. Furthermore, in January 2025, NTPC formed its subsidiary, NTPC Nuclear Power Corporation Limited (NPUNL). NTPC is working with various nuclear technology providers and state governments to initiate projects. The company is exploring the development and deployment of ANEEL (Advanced Nuclear Energy for Enriched Life) fuel with Clean Core Thorium Energy (CCTE) of the United States. What is the government's goal? The government aims to install 100 gigawatts of nuclear power capacity by 2047 to increase its share in India's energy mix. As of March 2025, the country's total installed power capacity was 475,212 megawatts, of which nuclear power accounted for only 2%, i.e., 8,180 megawatts.
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