Nuclear Energy

Nuclear Power Corporation to invest Rs 14,575 crore next fiscal

Nuclear Power Corporation of India (NPCIL) is likely to spend Rs 14,575 crore next financial year, a 22 per cent jump over the capital expenditure of Rs 11,890 crore in the current fiscal, according to the expenditure budget documents for 2020-21 tabled in Parliament Saturday.

Of the total spend, Rs 3,737 is likely to come from the centre’s budgetary allocation for next fiscal while the rest Rs 10,838 crore will be raised by the company through Internal and Extra Budgetary Resources (IEBR).

The capital outlay of Rs 3,737 crore received from the centre for 2020-21 is a 24 per cent rise over the revised estimate of Rs 3,000 crore for the current financial year. The PSU acts as the nodal agency to undertake design, construction, operation and maintenance of atomic power plants in India.

Total investment by the central Public Sector Undertakings (PSUs) under the aegis of the Department of Atomic Energy is likely to stand at Rs 14,851 crore in the financial year ending March 2021. NPCIL alone accounts for 98 per cent of that planned spending.

Major NPCIL projects currently under construction include Unit-3 and Unit-4 of the Pressurised Heavy Water Reactor (PHWR) at Kakrapar atomic power station, Gujarat. Both the units are of 700 Megawatt (MW) capacity.

The construction of Unit-3 is at an advanced stage and most of the equipment have been received and erected at the site. Commissioning activities have commenced and the plant is expected to be operational very soon, the company said on its website.

For Unit-4, civil works are nearing completion and many components are being progressively received and erected. The expected date of commercial operation for the Unit is December 2020.

Source
ET News
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