New Delhi, Sep 11 (Inditop.com) With private companies barred from the country’s atomic energy generation industry, the state-run Nuclear Power Corp is signing pacts with two other government firms to fund its new projects, a top company official said Friday.
“We are going in for public partnership. We will sign a memorandum of understanding with Indian Oil Corp and Nalco (National Aluminium Corp),” said Nuclear Power Corp chairman and managing director S.K. Jain.
Speaking to reporters on the margins of a conference on the energy sector, Jain also said talks were on to evolve a model that will allow a greater participation of the private sector in owning and operating a nuclear power plant.
The company presently operates 17 nuclear power plants with an installed capacity of 4,120 MM. It also has five reactors under construction with a capacity of 2,660 MW — two each in Tamil Nadu and Rajasthan and one in Karnataka.
The nuclear power company had tied up with state-run thermal power major NTPC to set up nuclear power plants. Nuclear Power Corp holds 51 percent in the joint venture.
The company is also looking at the possibility of roping in a foreign partner, with which it has proposed a tripartite agreement that includes NTPC.
Jain said the choice for the equal partnership will be made among Alstom of France, Siemens of Germany and General Electric of the US.
