After Kakarapar Atomic Power Station (KAPS) in Gujarat, the State-owned aluminium major Nalco is looking to set up another nuclear power plant, in collaboration with the Nuclear Power Corporation of India Ltd (NPCIL).
An NPCIL-Nalco joint venture is already executing unit 3 and 4 of Kakarapar Atomic Power Station (KAPS) in Gujarat of 700 MW capacity each, which requires a total investment of about Rs 12,000 crore.
“We are in talks with NPCIL for the second project. There are three options to set up the plant at West Bengal, Odisha and Rajasthan. We are looking at 1,500 MW atomic power project with 49 per cent stake,” National Aluminium Company Ltd (Nalco) Chairman, Mr B. L. Bagra, told PTI in an interview.
NPCIL would be the operator of the project with 51 per cent stake.
Nalco, which has 26 per cent stake in the existing JV with NPCIL, is also looking to increase its stake in the venture to 49 per cent and has sought approval from the government to raise its equity.