New Delhi, May 1 (PTI) State-owned power giant NTPC on Monday inked a joint venture pact with Nuclear Power Corporation of India for the development of nuclear power projects.

The joint venture company will initially develop two Pressurised Heavy-Water Reactor (PHWR) projects, Chutka Madhya Pradesh Atomic Power Project 2x700 MW and Mahi Banswara Rajasthan Atomic Power Project 4x700 MW, which were identified as a part of fleet mode nuclear projects.

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"NTPC Ltd signed a supplementary joint venture agreement with Nuclear Power Corporation of India Ltd (NPCIL) in New Delhi...for development of nuclear power projects," a power ministry statement said.

The agreement was signed by Ujjwal Kanti Bhattacharya, Director Projects at NTPC, and Ranjay Sharan, Director Projects at NPCIL.

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This supplementary joint venture agreement marks a pivotal step for NTPC and NPCIL to collaborate and cooperate in the field of development of nuclear power projects.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)