Nuclear Power Corporation of India is setting up Jaitapur Nuclear Power Project with 9900 MW capacity at Madban village of Ratnagiri district in Maharashtra. French company Areva is implementing the project. The project comprises building six reactors. The work on the project is likely to start by 2018 and complete by 2027.
Nuclear Power Corporation of India Ltd (NPCIL) is a Public Sector Enterprise under the administrative control of the Department of Atomic Energy (DAE),Government of India. The Company was registered as a Public Limited Company under the Companies Act, 1956 in September 1987 with the objectives of operating atomic power plants and implementing atomic power projects for generation of electricity in pursuance of the schemes and programmes of the Government of India under the Atomic Energy Act, 1962. NPCIL also has equity participation in BHAVINI, another PSU of Department of Atomic Energy (DAE) which implements Fast Breeder Reactors programme in the country.
NPCIL is responsible for design, construction, commissioning and operation of nuclear power reactors. NPCIL is a MoU signing, profit making and dividend paying company with the highest level of credit rating (AAA rating by CRISIL and CARE). NPCIL is presently operating 22 commercial nuclear power reactors with an installed capacity of 6780 MW. The reactor fleet comprises two Boiling Water Reactors (BWRs) and 18 Pressurised Heavy Water Reactors (PHWRs) including one 100 MW PHWR at Rajasthan which is owned by DAE, Government of India and one 1000 MW VVER reactor KKNPS-1. Latest addition to the fleet is the unit-2 of Kudankulam Nuclear Power Station, a 1000 MW VVER (Pressurised Water Reactor type), which has started its commercial operation on March 31, 2017. Currently NPCIL has Four reactors under various stages of construction totaling 2800 MW capacity.