Govt to give nod to delayed NTPC N-venture

 

NEW DELHI .  The Modi government is set to nurture the nuclear ambitions of the country's largest power producer NTPC by facilitating amendments to the Atomic Energy Act (AEA), allowing a joint venture between two government entities or public sector undertakings to put up projects in the nuclear field.

 

Although NTPC, India's largest power generator, had entered into an MoU with state-run Nuclear Power Corporation of India (NPCIL) way back in 2009 for setting up nuclear power ventures, the project did not take off because AEA doesn't recognise the JV (special purpose vehicle) automatically to be a PSU. The proposed amendment, as per favourable advice from the law ministry, sources said, would solve this problem. Financial Express