NTPC-NPCIL joint venture incorporated

A joint venture firm between NTPC Ltd and Nuclear Power Corporation of India Ltd has been incorporated on Thursday under ‘Anushakti Vidhyut Nigam Ltd'. The venture is slated to commence operations with the execution of a 700-MWe indigenous pressurised heavy water reactor-based project shortly.

NPCIL will hold 51 per cent of the equity share capital, with NTPC having the balance 49 per cent, NTPC said in a statement. The firm has been formed for development of nuclear power projects in the country within the framework of Atomic Energy Act, 1962, the statement said.