NTPC Ltd is set to enter the nuclear power sector with the launch of a 2,800 MW nuclear power plant at Banswara, Rajasthan, next month. The project, known as the Mahi Banswara Nuclear Power Plant, will feature four 700 MW pressurised heavy water reactors (PHWRs) and is being developed in partnership with Nuclear Power Corporation of India Limited (NPCIL), where NTPC holds a 49% stake.
Speaking at the BloombergNEF Summit, NTPC CMD Gurdeep Singh announced plans to add 30 GW of nuclear power capacity by 2047, emphasizing the company’s aggressive growth strategy in clean energy. The first unit of the Banswara project is expected to be commissioned in 2031, with the full project slated for completion by 2036. NTPC aims to expand its nuclear portfolio through both joint ventures with NPCIL and standalone projects, reinforcing its commitment to strengthening India’s energy security and accelerating decarbonization.
