NTPC, a leading power company, is developing plans to establish nuclear power facilities through both joint venture partnerships and independent operations, according to CMD Gurdeep Singh.

The organization is working with technology suppliers and state governments to investigate separate nuclear initiatives, Singh noted. Currently, NTPC Group operates with an installed capacity of 82,926 MW, utilizing coal, liquid fuel, hydro and solar energy sources.

In December 2024, CMD Singh revealed NTPC's bold strategy to venture into nuclear energy, which will expand the government-owned power firm's non-fossil fuel energy offerings.

Speaking at a session during the 'Bihar Business Connect 2024' conference in Patna, Singh explained that considering the energy sector's future trajectory, nuclear power is anticipated to play a crucial role in the industry over the next 20-30 years.

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NTPC is now moving into the nuclear energy domain. Providing details about nuclear initiatives, the CMD stated in a corporate document that the company is partnering with different nuclear technology suppliers and state governments to develop independent projects.

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Last September, the government approved Anushakti Vidhyut Nigam Ltd (ASHVINI), a partnership between Nuclear Power Corporation of India Ltd – NPCIL (holding 51 percent) and NTPC (holding 49 percent) to construct, own and manage nuclear power facilities in India under the Atomic Energy Act guidelines.

In the corporate document, Gurdeep mentioned that the company has made ASHVINI joint venture with NPCIL operational and established a new subsidiary called NTPC Parmanu Urja Nigam Ltd to demonstrate their long-term dedication to clean baseload energy generation.

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Recently, Prime Minister Narendra Modi stated that the BJP-controlled federal government is implementing measures to decrease the nation's reliance on imported crude oil and natural gas by emphasizing domestic fossil fuel exploration and renewable energy initiatives.

Speaking at a gathering in Numaligarh, Assam, following the inauguration and groundbreaking ceremonies for development projects valued at more than Rs 12,000 crore, Modi noted that as India becomes one of the world's most rapidly expanding economies, the nation continues to rely on other countries for its crude oil and gas supplies.