The Nuclear Power
Corporation (NPCIL) and NTPC are likely to sign the JV agreement for the
development of two nuclear reactors with a generation capacity of 1,000 MW each
shortly.
The two firms are
likely to invest Rs.10,000 crore in the projects wherein NPCIL will hold 51per
cent stake and NTPC will have 49 per cent share. The projects are
expected to be developed on 70:30 debt equity ratio. Details regarding
procurement of nuclear reactors, fuel and mobilisation of funds will be worked
out during the signing of the JV agreement.
The proposed capacity addition
is planned at Kudankulam (2x1,000 MW) and Jaitapaur (2X1,000 MW). Besides, NPCIL
has evaluated sites in Andhra Pradesh, West Bengal, Gujarat and Orissa. The
Union government will have to approve two sites from those evaluated for two
projects of 2,000 MW each.