NTPC to Explore Independent Nuclear Ventures Alongside Partnerships

Mumbai, September 15, 2025: India’s largest energy producer, NTPC Ltd., is planning to set up multiple nuclear power projects in the form of joint ventures as well as a standalone entity. CMD Gurdeep Singh spoke about collaboration with state governments and technology providers in pursuit of individual nuclear projects. This development is seen as a part of the company’s initiative in strengthening its non-fossil energy portfolio.

Current Capacity and Nuclear Push

Currently, the installed capacity of the NTPC Group is an impressive 82,926 MW, including 53 NTPC-owned stations and 53 joint venture/subsidiary stations. All of these stations use sources like coal, liquid fuel, hydro and solar. CMD Singh had announced NTPC’s ambitious plan to enter the domain of nuclear energy back in December 2024.

Joint Ventures and New Subsidiaries

NTPC has begun operations of the ASHVINI joint venture with the Nuclear Power Corporation of India Ltd (NPCIL), where NTPC holds a 49% stake, while NPCIL comprises the remaining 51%. This venture is responsible for building, owning, and operating nuclear power plants under the legal provisions of the Atomic Energy Act. Apart from ASHVINI, NTPC has also formed a wholly owned subsidiary, NTPC Parmanu Urja Nigam Ltd, to contribute to the nuclear projects as part of its longer-term commitment.

Independent Project Exploration

Singh has hinted that NTPC is working along with state agencies and tech suppliers to build standalone nuclear projects and not just wholly focus on joint ventures alone. These solo ventures aim to widen the company’s portfolio. Accordingly, the focus will be more on securing know-how, identifying sites and getting clearances for direct execution of the nuclear facilities.

Strategic Importance and Goals

Nuclear energy is seen by NTPC as essential for India’s energy future 20-30 years hence. The company is aligning its plans with national goals to increase non-fossil power generation, reduce emissions, and ensure energy security. Projects under ASHVINI, such as the Mahi Banswara atomic power plant in Rajasthan (4 × 700 MW pressurised heavy water reactors), mark initial steps in this direction.

Challenges Ahead

While policy approvals and partnerships are in progress, NTPC faces typical challenges for nuclear power projects: regulatory clearances, land acquisition, technology transfer, financing, and safety compliance. As India seeks to expand its nuclear capacity, NTPC’s dual approach joint ventures plus independent ventures—could help address both scale and speed.

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