en.Wedoany.com Reported - On May 25, NLC India Limited (NLCIL) and the Nuclear Power Corporation of India Limited (NPCIL) signed a Memorandum of Understanding to establish a joint venture company for jointly developing nuclear power projects in India. The agreement was signed by NLCIL Director (Power) Venkatachalam and NPCIL Director (Technical) Rajesh, in the presence of NLCIL Chairman Prasanna Kumar Motupalli, NPCIL Chairman Bhuwan Chandra Pathak, and senior officials from both organizations.

Under the cooperation agreement, both parties will collaborate to explore investment opportunities in NPCIL's existing and upcoming 700 MW Pressurized Heavy Water Reactor projects.

This development comes as India plans to achieve 100 GW of nuclear power installed capacity by 2047, supporting the country's long-term energy transition and climate commitments. NLCIL stated that the cooperation will gain further significance with the introduction of the "Sustainable Utilization and Advancement of Nuclear Energy for Powering India Initiative Bill" in December 2025, which aims to modernize the legislative and policy framework governing the nuclear energy sector.

NLCIL is one of the nine key enterprises under the Ministry of Coal, and its business scope has expanded from traditional power generation to renewable and green energy sectors, including solar, wind, pumped storage hydropower, battery energy storage systems, green hydrogen, and waste-to-energy projects. NPCIL is engaged in the design, construction, and operation of nuclear power plants in India.

In his address, Motupalli stated that this partnership marks a significant step in NLCIL's strategic development towards the clean and sustainable energy sector. He noted that nuclear energy will play a crucial role in ensuring long-term energy security and supporting India's goal of achieving net-zero carbon emissions. NLCIL indicated that this collaboration combines NLCIL's experience in the power industry with NPCIL's expertise in the nuclear energy field, and is expected to contribute to reliable baseload power generation and strengthening India's clean energy ecosystem.

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