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NTPC and NPCIL struck a deal to build nuclear power plants

Published on May 03, 2023
Current Context: NTPC Ltd. has signed a supplementary joint venture agreement with Nuclear Power Corporation of India Ltd. (NPCIL) for development of nuclear power projects. The agreement was signed on May 2, 2023 in New Delhi.
NTPC and NPCIL struck a deal to build nuclear power plants
  • The joint venture company will develop two pressurized heavy-water reactor (PHWR) projects, which are Chutka Madhya Pradesh Atomic Power Project of 2x700 MW and Mahi Banswara Rajasthan Atomic Power Project of 4x700 MW.
  • The joint venture company is called ASHVINI and it will have equal (50:50) partnership/shareholding of NTPC and NPCIL
  • These projects were identified as a part of fleet mode nuclear projects. 

Question:

Q.1 Which two companies signed a joint venture agreement to develop nuclear power projects in India?
a. NTPC and NPCIL
b. NTPC and BHEL
c. NPCIL and NHPC
d.NPCIL and BARC
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