NTPC, NPCIL Sign Agreement For Joint Development Of Nuclear Power Plants

NTPC Ltd, on Monday, signed a supplementary joint venture agreement with Nuclear Power Corporation of India Ltd (NPCIL) for the development of nuclear power projects, a power ministry statement said.

This supplementary joint venture agreement marks a pivotal step for NTPC Ltd and NPCIL to collaborate and cooperate in the field of development of nuclear power projects which shall help the country in meeting its clean energy commitments to achieve a net zero emission target by 2070.

Initially, the JV company will develop two pressurised heavy-water reactor (PHWR) projects, Chutka Madhya Pradesh Atomic Power Project 2x700 MW and Mahi Banswara Rajasthan Atomic Power Project 4x700 MW, which were identified as a part of fleet mode nuclear projects, the government said in its release.

The agreement was signed by Ujjwal Kanti Bhattacharya, director projects, NTPC Ltd and Ranjay Sharan, director projects, NPCIL.

Meanwhile, NTPC on Monday announced the appointment of Shivam Srivastava as Director (Fuel). Srivastava assumed charge of the post on Sunday, the company said.

"Ministry of Power ...approval of the Competent Authority for appointment of Shivam Srivastava, Chief General Manager (CGM), NTPC to the post of Director (Fuel), NTPC Ltd from the date of his assumption of charge of the post or until further orders, whichever is earlier," according to a regulatory filing.

Srivastava, a Mechanical Engineering graduate from Kamala Nehru Institute of Technology, Sultanpur (Avadh University) and Post Graduate in Business Management from MDI Gurgaon, had joined NTPC as 13th batch executive trainee in 1988.