Nalco pulls out of JV with NPCIL for nuclear power plant in Gujarat

Aluminium giant National Aluminium Company Ltd (NALCO) has decided to end its joint venture with Nuclear Power Corporation of India Ltd (NPCIL) for nuclear power plant in Gujarat. Both the companies have signed an MoU in 2012 to set up two units of Kakrapara Atomic Power Station in Gujarat with capacities of 700 Mw each. The estimated cost of the project was rs 12,000 crore.

NALCO has pulled out itself from JV after NPCIL has changed in the technology of the project from indigenous technology to foreign technology. According to the joint venture agreement, Nalco would have a 26 per cent stake in the new entity — NPCIL-Nalco Power Company. There are only two government of India owned companies- NPCIL and Bharatiya Nabhikiya Vidyut Nigam, which has authority to set up nuclear power plants in the country. 

So let’s discuss some questions related to this post :
1. Name the aluminium company which has decided to end its joint venture with NPCIL to setup nuclear power plant in Gujarat ?
2. Name the two companies which have authority to setup nuclear power plant in India ?

Courtesy : Business Standard


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