The Indian Oil Corporation (IOC) has signed an MoU with the Nuclear Power
Corporation of India Ltd (NPCIL) for jointly setting up a 1,000 MWe nuclear
power plant. The power project is expected to entail an investment of Rs 10,000
crore.
NPCIL is expected to be the operator and take at least 51 per cent stake
while IOC is contemplating taking either 49 per cent or 26 per cent interest.
IOC may invest Rs 1,000 to Rs 1,500 crore as equity in the project with NPCIL.
According to sources, techno-commercial modalities, including source of
nuclear fuel and site are to be decided over the next six months.
Also See:
IOC to
foray in nuclear power generation (03-Sep-09)