NTPC Ltd has entered into a Non-Binding Memorandum of Understanding (MoU) with Électricité de France (EDF) to investigate collaboration on new nuclear power initiatives in India. This comes after endorsement from the relevant ministries and departments of the Government of India.

The MoU sets up a structure for the two companies to collaboratively evaluate the viability and method for partnership, which involves comprehending EDF's European Pressurised Reactor (EPR) technology and its compatibility with Indian needs, investigating chances to enhance localization for extensive deployment, analyzing economic and tariff elements, fostering human resource skills via training initiatives, assessing potential project locations, and offering technical assistance as mutually decided, NTPC mentioned in a stock exchange announcement.

This initiative is in line with NTPC’s strategy to grow in clean, dependable energy and support India's long-term energy security, it stated.

The MoU was executed by Arnada Prasad Samal, CGM (Nuclear Cell), for NTPC, and Vakisasi Ramany, Senior Vice President, International Nuclear Development, for EDF.

NTPC is the largest integrated power utility in India, operating over 89 GW of installed capacity, while 32 GW is currently in development.

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The firm aims to achieve a total capacity of 149 GW by 2032, with 60 GW coming from renewable energy sources. This encompasses a well-rounded combination of thermal, hydro, solar, and wind power facilities, guaranteeing a dependable, cost-effective, and sustainable energy supply for the nation. In addition to power generation, NTPC has explored multiple new business sectors, such as e-mobility, battery storage, pumped hydro storage, waste-to-energy, nuclear power, and green hydrogen solutions.

The union government has implemented the SHANTI Act, which stands for Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India. The Act allows private firms to engage in India’s nuclear industry, authorizing them to carry out plant operations, generate power, manufacture equipment, and engage in specific activities like nuclear fuel fabrication, which encompasses the conversion, refining, and enrichment of uranium-235 up to a defined threshold, or handling other specified substances.

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India aims to reach a nuclear energy capacity of 100 GW by the year 2047.

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India currently has a nuclear capacity of 8.78 GW, which represents approximately 3 percent of its total electricity generation. The capacity is expected to increase to 22.38 GW by 2031–32, with the native 700 MW and 1000 MW reactors being developed via global collaboration.