NTPC is looking to build 30 GW of capacity over the next two decades at a cost of $62 billion
The state-owned company, primarily known for its coal-based plants, seeks collaborators to establish nuclear power plants using pressurized water reactor technology. The tender, released last week, specifies that partners must also ensure a lifetime supply of nuclear fuel. NTPC requires these partners to hold approvals from their home country’s authorities and meet Indian regulations, including securing a license for the proposed technology.
India’s Atomic Energy Act of 1962 currently restricts private investment in nuclear power, while the Civil Liability for Nuclear Damage Act of 2010 has discouraged foreign companies like GE and Westinghouse due to strict liability terms. However, in early February 2025, India announced intentions to revise its nuclear liability laws to encourage foreign and private participation. At present, the Nuclear Power Corporation of India, a state entity, operates the nation’s nearly 8 GW of nuclear capacity, with a goal to reach 20 GW by 2032. The country has set a long-term target of at least 100 GW by 2047.
NTPC aims to develop 30 GW of nuclear capacity over the next 20 years, an effort estimated at $62 billion, according to a February. This tender represents a key step in diversifying from coal and expanding India’s energy mix with cleaner sources.
The move aligns with India’s broader energy strategy, balancing growing demand with sustainability goals. By inviting global expertise, NTPC seeks to accelerate its nuclear ambitions while ensuring reliable fuel supply and compliance with local standards. The tender’s outcome will hinge on forthcoming legal changes and the willingness of international firms to navigate India’s evolving regulatory landscape.
