Govt Approves NPCIL-NTPC JV ASHVINI to Build, Own, and Operate Nuclear Power Plants in India

Anushakti Vidhyut Nigam Ltd (ASHVINI) is a joint venture between the Nuclear Power Corporation of India Limited (NPCIL) and NTPC Ltd. This venture, with NPCIL holding 51% equity and NTPC holding 49%, has been established to build, own, and operate nuclear power plants in India.

On Tuesday, the Indian government granted formal approval to ASHVINI, allowing it to take over the Mahi Banswara Rajasthan Atomic Power Project (MBRAPP), which will utilize indigenous Pressurized Heavy-Water Reactor (PHWR) technology and have a capacity of 2800 MW.

In addition to MBRAPP, ASHVINI shall also pursue other nuclear power projects in different parts of the country.

The Department of Atomic Energy, on September 17, 2024, formally handed over the government approval to Anushakti Vidhyut Nigam Ltd (ASHVINI) to the respective CMDs of Nuclear Power Corporation of India Ltd (NPCIL) and NTPC Ltd.

This move is expected to accelerate nuclear power capacity addition in India, contributing to the country's ambitious targets for nuclear energy and its Net Zero emissions goal by 2070.

Mahi Banswara Rajasthan Atomic Power Project (MBRAPP)

The Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) is a significant nuclear power initiative in India. Here are some key details:
  • Location: The plant will be built near the Banswara district in Rajasthan, covering an area of approximately 1,366.49 acres.
  • Capacity: The project will have an installed capacity of 2800 MW, consisting of four units, each with a capacity of 700 MW.
  • Technology: It will utilize Indigenous Pressurized Heavy-Water Reactor (IPHWR-700) technology, similar to the reactors at Kakrapar Atomic Power Station and Rajasthan Atomic Power Station.
  • Construction Timeline: Construction is scheduled to begin in 2024, with completion expected within 4-5 years.
  • Cost: The estimated cost of the project is around ₹50,000 crore (approximately $6 billion USD).
  • Environmental Impact: The project includes comprehensive environmental impact assessments and mitigation measures to address potential impacts on air quality, water resources, and local ecology.
This project is part of India's broader strategy to enhance its nuclear power capacity and contribute to its energy security and environmental goals.
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