NTPC To Develop Nuclear Power Project
National Thermal Power Corporation Limited (NTPC) is looking to develop a nuclear project. with Nuclear Power Corporation of India Limited (NPCIL). They are in talks with the government to develop two 700-MW reactors in Madhya Pradesh.
Earlier this month, NTPC had made its debut in the sector after the PSU announced that it is going to develop the two reactors at Gorakhpur in Haryana. India is currently building six gigawatts of nuclear capacity, the most after China, which has nearly three times that volume under construction, according to the International Atomic Energy Agency (IAEA).
India had promised to cut its emissions to net zero by 2070 at the COP26 summit in 2021. PM made the pledge in Glasgow as India set a net zero target for the first time. In order to achieve that goal, India is aiming to more than triple its nuclear fleet over the next decade. The country currently generates 70 percent of its electricity using coal and a meager 3 percent from nuclear. This overdependence of coal has led to severe air pollution and increase in greenhouse gas emissions. Last month NTPC and Indian Oil Corporation Ltd (IOC) had signed an agreement for the formation of a joint venture company for meeting the power requirements of upcoming projects of Indian Oil refineries.
