Shares of NTPC Ltd ended 4.5% higher on 2nd January. This followed the company’s announcement that it is seeking international partnerships in technology and fuel to advance its nuclear plans and diversify its energy generation portfolio.

NTPC plans to develop about 30 GW of self-owned nuclear capacity across India. This aligns with the government’s 100 GW nuclear target by 2047. The company aims to achieve 2 GW by 2032.

The company has signed NDAs with Rosatom and EDF to explore partnerships for large pressurised water reactors. It is also working with Holtec International on small modular reactors (SMRs).

NTPC is evaluating a minor equity investment in US-based Clean Core Thorium Energy (CCTE), subject to approvals. CCTE’s ANEEL fuel is claimed to be compatible with PHWR and CANDU reactors.

Potential nuclear plant sites are being assessed in Gujarat, Madhya Pradesh, Bihar, and Andhra Pradesh, pending regulatory clearances.

NTPC currently has over 85,000 MW of installed capacity. It is developing a Rs 42,000 crore nuclear project in Rajasthan with NPCIL.

At 3:30 PM, shares of NTPC ended 4.56% higher at Rs 351.65 on NSE.

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