NPCIL Set to Capitalize Rs. 14,575 Crore in Upcoming Fiscal

Nuclear Power Corporation of India (NPCIL) has announced that it is expected 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.

Of the total spend, Rs 3,737 is likely to come from the centre’s budgetary provision 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 guidance 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 presently 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.

The company is also commissioning two units of 700 Mw capacity each at the Rajasthan atomic power project. The expected date of commercial operation for Unit-7 is December 2020 while Unit-8 is likely to be commissioned in December 2021.

NPCIL is also planning to set up Light Water Reactor Unit-3 and Unit-4 of Kudankulam nuclear power project of 1,000 MW capacity. The projects are expected to be operational by March 2023 and November 2023, respectively.

Policies & Regulations | News published on 04/02/2020 by News Bureau

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