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Nationalized Nuclear Power Corp has signed a deal with two other state-run firms for funding its new projects. This step has been adopted by the nationalized firm as private players have been banned in atomic energy generation industry of India.
"We are going in for public partnership. We will sign a memorandum of understanding with Indian Oil Corp and Nalco (National Aluminium Corp)," said S.K. Jain, chairman and managing director of the Nuclear Power Corp.
Jain, who was addressing the media during the sidelines of conference of energy sector, told that talks related to the developing of a new model which will ensure better participation of private sector in the atomic energy industry, is in progress.
The company presently operates 17 nuclear power plants with total installed capacity of 4,120 MM. It also has five reactors under construction with a total capacity of 2,660 MW -- two each in Tamil Nadu and Rajasthan and one in Karnataka.
