Nuclear JVs

#Bharatiya Nabhikiya Vidyut Nigam Limited (BHAVINI), a company authorized to generate electricity from nuclear plants, is forming a joint venture with #Nuclear Power Corporation of India Limited (NPCIL), the sole agency for the sector.

The Government has amended the Atomic Energy Act, 1962 to enable Joint Ventures (JVs) of NPCIL and Public Sector companies to set up nuclear power projects.

The objective is for JVs to expand nuclear power capacity in the country, said #Union Minister of State for Atomic Energy and Space, Dr Jitendra Singh in a written reply to a question in Rajya Sabha on Dec 15, 2016.

So far, three joint venture companies – Anushakti Vidhyut Nigam Limited (NPCIL-NTPC Ltd.), NPCIL-Indian Oil Nuclear Energy Corporation Limited (NPCIL-IOCL) and NPCIL-Nalco Power Company Limited (NPCIL- NALCO) have been incorporated.

Exploratory discussions have also been held with other Public Sector companies and Indian Railways in this regard, he said. fii-news.com