An important step toward enhancing India’s clean energy capacity and long-term energy security has been taken with the signing of a Memorandum of Understanding (MoU) by NLC India Limited (NLCIL) and Nuclear Power Corporation of India Limited (NPCIL) to establish a joint venture for the development of nuclear power projects in the nation.
The nuclear power projects based on the Indigenous Pressurised Heavy Water Reactor (PHWR) and other advanced reactor technologies are to be developed in accordance with the terms agreed upon in the agreement, which was signed on May 25.
Senior authorities, including NLCIL Chairman and Managing Director Prasanna Kumar Motupalli and NPCIL Chairman and Managing Director Bhuwan Chandra Pathak, were present when NLCIL Director (Power) Venkatachalam and NPCIL Director (Technical) Rajesh signed the MoU.
Investment prospects in NPCIL’s current and future 700 MW PHWR projects will also be investigated by the prospective joint venture.
Together, we can achieve India’s nuclear power capacity target of 100 GW by 2047, which will help with both economic growth and climate change mitigation. This effort has picked up steam since the SHANTI Bill, which sought to update India’s nuclear strategy and regulations, was passed in December 2025.
Solar, wind, pumped hydro storage, battery energy storage systems, green hydrogen, and waste-to-energy projects are just a few areas where NLCIL, a Navratna CPSE under the Ministry of Coal, has been branching out beyond conventional power generating.
When it comes to nuclear power plants in India, the responsibility for their design, building, and operation still falls on NPCIL, which is a member of the Department of Atomic Energy.
At the event, NLCIL Chief Management Director Prasanna Kumar Motupalli spoke about how the partnership is a watershed moment in the company’s expansion into renewable energy sources and how nuclear power may help India achieve its Net Zero and energy security goals in the long run.
According to the two government-run businesses, the cooperation will allow them to draw on each other’s knowledge of the power industry and nuclear power to build a low-carbon base-load power system that the nation can rely on.
Image Credit: India.com
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