NTPC plans $62 billion nuclear expansion to 30 GW by 2043

India's NTPC plans to invest $62 billion to expand its nuclear power capacity to 30 gigawatts (GW) over the next two decades, tripling its initial target of 10 GW. This ambitious plan follows the Indian government's recent reforms to invite foreign and private investments in the nuclear sector, aiming for 100 GW of nuclear capacity by 2047 as part of a broader strategy to achieve 500 GW of non-fossil fuel electricity generation by 2030. NTPC is actively seeking land in eight states, including Gujarat and Madhya Pradesh, despite facing local resistance and land acquisition challenges. The company is currently building two 2.6 GW nuclear plants in collaboration with the Nuclear Power Corporation of India. Additionally, NTPC is exploring partnerships with international firms for the development of advanced nuclear technologies like Small Modular Reactors (SMRs). This significant push reflects India's commitment to enhancing its nuclear energy capabilities and reducing reliance on coal-fired plants.