New Delhi, Apr 20 (UNI) National Thermal Power Corporation Limited (NTPC) will set up a 2,000 MW nuclear power plant and has appointed consultants to speed up the project, Chairman and Managing Director T. Sankaralingam said today.
The state-owned company has appointed former Atomic Energy Commission Secretary S Rajgopal and former executive director of Nuclear Power Corporation of India VK Kaushik as consultants to expedite their move to produce nuclear power.
Although, Mr Sankaralingam did not elaborate, sources in the company said that the Corporation is formulating plans to set the nuclear power plant by 2017.
NTPC is also in talks with GE Energy for technology and fuel.
The move by NTPC will end the monopoly of state-owned Nuclear Power Corporation of India Ltd.
Earlier the Energy coordination committee headed by Prime Minister Manmohan Singh had said that power from nuclear energy will help stabilise energy prices.
NTPC's move also comes soon after the Indo-US nuclear agreement which also has sparked interest by other companies who are anticipating permission for setting up nuclear power plants.
Other companies include India's leading corporate house of Reliance and Tatas who have evinced interest in nuclear power.
The Constitution of India reserves production of atomic energy for the public sector and so does Appendix-III of the Industrial Licensing Policy.
UNI/RT MP KP1840