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Energy | NPCIL inks pact with Russia’s Tvel for uranium

Energy | NPCIL inks pact with Russia’s Tvel for uranium
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First Published: Thu, Feb 12 2009. 12 25 AM IST
Updated: Thu, Feb 12 2009. 12 25 AM IST
Mumbai: India’s Nuclear Power Corp. of India Ltd (NPCIL) has agreed to buy uranium for its projects from Russia’s OAO Tvel. NPCIL will buy 2,000 tonnes of uranium from state-owned Tvel, according to the agreement signed by the two companies in Mumbai, said Sudhinder Thakur, executive director at the Indian company.
The uranium supplies are expected to start in three-four months, Thakur said. Tvel will also sell to India 60 tonnes of light enriched uranium to fire two power generation units at Tarapur, he said.
Bloomberg
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Reliance Power to be offered Tilaiya plant
New Delhi: Reliance Power Ltd will be offered a 4,000MW project in Jharkhand after the company bid the lowest price for producing electricity.
The Mumbai-based company will be given a letter of intent on Thursday for building the plant at Tilaiya, Power Finance Corp. Ltd (PFC) said in an emailed statement in New Delhi on Wedmesday. State-owned PFC is managing the bidding on behalf of the government. Reliance Power, controlled by Anil Ambani, was previously awarded two of the 12 so-called ultra mega power projects that the government is auctioning to help increase India’s generation capacity by 33%.
—Bloomberg
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First Published: Thu, Feb 12 2009. 12 25 AM IST