Mumbai: National Thermal Power Corporation, the country’s largest power utility, on 5 March 2007 said its board of directors has approved a proposal to enable the company to foray into the nuclear power generation business.
The board has given its clearance to the amendment of the object clause of the Memorandum of Association, NTPC informed the Bombay Stock Exchange.
The company’s shareholders would consider the proposal at a later date, it said.
NTPC envisages generating 2,000 MW nuclear power by the end of 2017. At present, state-run Nuclear Power Corporation of India is the only company that generates nuclear powerin the sector.
The company has also appointed former Atomic Energy Commission secretary S Rajgopal and former executive director of NPCIL V K Kaushik as consultants to prepare a strategy for its proposed foray.
India has an installed nuclear power capacity of about 3,200 MW, less than 3% of the total generation capacity.