Which projects will be developed by the joint venture

Solution

NTPC Ltd. signed a Supplementary Joint Venture Agreement with Nuclear Power Corporation of India Ltd. (NPCIL) in New Delhi for development of Nuclear Power Projects. Initially, the JV company shall develop two Pressurized Heavy-Water Reactor (PHWR) projects, Chutka Madhya Pradesh Atomic Power Project 2x700 MW and Mahi Banswara Rajasthan Atomic Power Project 4x700 MW, which were identified as a part of fleet mode nuclear projects. This Supplementary Joint Venture Agreement marks a pivotal step for NTPC Ltd. and NPCIL to collaborate and cooperate in the field of development of Nuclear Power projects which shall help the country in meeting its Clean Energy Commitments to achieve net zero emission target by 2070. About NTPC Ltd. Founded: 7 November 1975                  Headquarters: New Delhi, India         Chairman & MD: Gurdeep Singh