Latest news with #CivilLiabilityforNuclearDamageAct2010
Yahoo
02-04-2025
- Business
- Yahoo
India's NTPC seeks global partners to build 15 GW nuclear reactors
By Sethuraman N R (Reuters) - NTPC, India's top power producer, is seeking global partners to build large nuclear reactors with about 15 gigawatts (GW) combined capacity, according to a tender, the first major one since the country moved to open up its much-guarded sector. The state-run company, which mainly runs coal-fired plants, is looking for partners to help set up pressurized water reactor technology-based nuclear power plants and also commit to a lifetime supply of nuclear fuel, the tender said. The partner should have clearance from concerned authorities in their country of origin as well as comply with Indian policies, including having or getting a license for the offered technology, NTPC said in the tender published last week. India's Atomic Energy Act of 1962 currently bars private investments in nuclear power plants, while stringent liabilities under the Civil Liability for Nuclear Damage Act 2010 deter foreign firms such as GE and Westinghouse. However, in early February, India said it would amend its nuclear liability law to boost foreign and private investments. Currently, state-run Nuclear Power Corp of India is the sole operator of the country's nearly 8 GW capacity, with the aim to increase to 20 GW by 2032. India is aiming to hit at least 100 GW of nuclear capacity by 2047. NTPC is looking to build 30 GW of capacity over the next two decades at a cost of $62 billion, Reuters reported in February. Sign in to access your portfolio
Reuters
02-04-2025
- Business
- Reuters
India's NTPC seeks global partners to build 15 GW nuclear reactors
April 2 (Reuters) - NTPC ( opens new tab, India's top power producer, is seeking global partners to build large nuclear reactors with about 15 gigawatts (GW) combined capacity, according to a tender, the first major one since the country moved to open up its much-guarded sector. The state-run company, which mainly runs coal-fired plants, is looking for partners to help set up pressurized water reactor technology-based nuclear power plants and also commit to a lifetime supply of nuclear fuel, the tender said. The partner should have clearance from concerned authorities in their country of origin as well as comply with Indian policies, including having or getting a license for the offered technology, NTPC said in the tender published last week. India's Atomic Energy Act of 1962 currently bars private investments in nuclear power plants, while stringent liabilities under the Civil Liability for Nuclear Damage Act 2010 deter foreign firms such as GE (GE.N), opens new tab and Westinghouse (WAB.N), opens new tab. However, in early February, India said it would amend its nuclear liability law to boost foreign and private investments. Currently, state-run Nuclear Power Corp of India is the sole operator of the country's nearly 8 GW capacity, with the aim to increase to 20 GW by 2032. India is aiming to hit at least 100 GW of nuclear capacity by 2047. NTPC is looking to build 30 GW of capacity over the next two decades at a cost of $62 billion, Reuters reported in February.
