NTPC Plans Major Expansion into Nuclear Energy with 10 GW Target by 2034

NTPC Ltd announces a significant push into nuclear power, aiming to develop 10 GW of capacity within the next decade, aligning with India's clean energy goals.

In a move to diversify its energy portfolio and support India's clean energy goals, NTPC Ltd, India's largest power utility, has unveiled an ambitious plan to develop 10 gigawatts (GW) of nuclear power capacity by 2034. This initiative will be carried out through a newly formed subsidiary, NTPC Nuclear Ltd., dedicated exclusively to nuclear power generation.

Investment and Strategic Goals

The company's chairman and managing director, Gurdeep Singh, disclosed that the expansion could require an investment of around Rs 1.5 trillion. This effort is part of the Indian government's broader objective to install 500 GW of non-fossil fuel-based generation by 2030, with nuclear energy expected to contribute 20 GW to this target. Nuclear power is considered a vital clean energy source that can significantly help reduce carbon emissions and enhance energy security.

Site Selection and Technology Exploration

NTPC is currently evaluating potential sites for nuclear power plants in Gujarat, Tamil Nadu, Jharkhand, Chhattisgarh, and Karnataka, pending necessary regulatory approvals. The company is also exploring the viability of small modular reactors (SMRs), which offer a flexible and potentially cost-effective approach to nuclear energy generation.

Existing and Future Projects

Although this is NTPC's first independent foray into nuclear power, the company is already involved in joint ventures with the Nuclear Power Corporation of India Ltd (NPCIL). Through their existing collaboration, Anushakti Vidhyut Nigam Limited, they are working on the 2.8 GW Mahi Banswara plant in Rajasthan and the 1.4 GW Chutka project in Madhya Pradesh.

Doubling India’s Nuclear Capacity

NTPC's 10 GW nuclear target will more than double India's current installed nuclear capacity of approximately 7 GW. This increase will play a crucial role in meeting the country's energy needs sustainably and securely.

Broader Clean Energy Strategy

This nuclear initiative is part of NTPC's larger strategy to expand its renewable and clean energy footprint. While the company currently relies heavily on coal-based power, it aims to achieve 60 GW of renewable energy capacity by 2032. The addition of nuclear power will complement this goal, enhancing NTPC’s contribution to India's energy transition.

Conclusion

NTPC’s nuclear power expansion marks a significant step towards achieving India's clean energy ambitions. By focusing on nuclear and renewable energy sources, NTPC is set to play a pivotal role in the country's efforts to reduce carbon emissions and ensure a sustainable energy future.