State-run power producer NTPC has invited expressions of interest (EoI) from global consultants to support its planned 30 GW nuclear power expansion by 2047. The consultants will assist in preparing tender documents and managing contract awards for large-capacity nuclear projects, with bids due by August 5.
The initiative follows the enactment of the SHANTI Act in December, which opened India's nuclear power sector to wider participation and addressed liability concerns for equipment suppliers. NTPC aims to contribute 30 GW towards the country's target of achieving 100 GW of nuclear power capacity by 2047.
Focus on Pressurised Water Reactors
NTPC is planning to deploy Pressurised Water Reactor (PWR) technology, marking a shift from India's traditional reliance on indigenous Pressurised Heavy Water Reactors (PHWRs). The company has signed non-disclosure agreements with international nuclear technology providers, including Russia's Rosatom and France's EDF, as it explores potential partnerships.
The company's nuclear expansion forms part of its broader strategy to diversify beyond coal-fired generation into cleaner sources of energy. One of its early projects is the Mahi Banswara Rajasthan Atomic Power Project, being developed through its joint venture, ASHVINI, with the Nuclear Power Corporation of India (NPCIL).
Nuclear projects typically involve high capital expenditure, long construction periods and extensive regulatory approvals. Investors are expected to track NTPC's funding strategy, debt levels, project execution and the timeline for selecting technology partners, along with future announcements on project locations and investment co2mmitments. |
