In a significant move toward expanding its clean energy footprint, NTPC Ltd, India’s leading power producer, announced its plans to establish a nuclear power project in Bihar. This initiative aligns with NTPC’s vision of diversifying its energy portfolio and embracing non-fossil energy solutions for the future.
Strategic Study and Land Acquisition
Speaking at the Bihar Business Connect 2024 summit in Patna, NTPC Chairman and Managing Director Gurdeep Singh highlighted the company’s intent to explore nuclear energy as a crucial component of the energy sector’s future, particularly in the next 20-30 years.
To advance this initiative:
- NTPC has requested a land parcel from the Bihar government at a suitable location.
- A detailed study will be conducted to assess the feasibility of the project before formalizing plans.
Collaboration with Anushakti Vidhyut Nigam Ltd (ASHVINI)
This announcement comes shortly after the Indian government’s approval of Anushakti Vidhyut Nigam Ltd (ASHVINI)—a joint venture between the Nuclear Power Corporation of India Ltd (NPCIL) and NTPC. This partnership enables NTPC to build, own, and operate nuclear power plants across India under the Atomic Energy Act.
NTPC’s Renewable Energy Ambitions in Bihar
In addition to nuclear energy, NTPC is actively exploring renewable and energy storage solutions to contribute to Bihar’s sustainable development.
Key initiatives include:
- Rooftop and Ground-Mounted Solar Projects: Expanding solar energy installations across the state.
- Floating Solar Projects: Utilizing water bodies for energy generation.
- Battery Energy Storage: Setting up storage solutions with capacities between 3,000-4,000 MWh in Bihar.
- Pumped Storage Projects: Leveraging water reservoirs for energy storage.
Gurdeep Singh stated that NTPC aims to achieve 60,000 MW of renewable energy capacity by 2032, with Bihar playing a significant role in this target.
Current Capacity and Investments in Bihar
- NTPC’s installed capacity in Bihar stands at 8,850 MW, involving an investment of approximately ₹80,000 crore.
- Projects under development include a 2,400 MW power project by the Nabinagar Power Generating Company Ltd (NPGCL).
NTPC’s National Presence and Capacity Expansion
Currently, NTPC boasts a total installed capacity of 76,531 MW, encompassing thermal, solar, wind, and other energy sources. Its strategic foray into nuclear energy represents a commitment to transitioning toward a sustainable and low-carbon future.
FAQs on NTPC’s Nuclear Project in Bihar.
1. What is the significance of NTPC entering the nuclear energy space?
Nuclear energy offers a reliable and low-carbon energy source, crucial for reducing greenhouse gas emissions and ensuring long-term energy security in India.
2. What role does Bihar play in NTPC’s clean energy vision?
Bihar is a focal point for NTPC’s renewable energy expansion, with plans for solar, storage, and nuclear energy projects contributing significantly to the state’s development.
3. What is the Anushakti Vidhyut Nigam Ltd (ASHVINI)?
ASHVINI is a joint venture between NPCIL (51%) and NTPC (49%) to build, own, and operate nuclear power plants in India.
4. How does NTPC plan to enhance energy storage in Bihar?
NTPC is exploring advanced battery storage solutions with capacities between 3,000-4,000 MWh, critical for integrating renewable energy into the grid.
5. What are NTPC’s renewable energy goals by 2032?
NTPC aims to achieve 60,000 MW of renewable energy capacity by 2032, with a significant contribution from projects in Bihar.