The Nuclear Power Corporation of India has designated investment to the tune of $41bn in order to deliver 10080 MW of nuclear power generation to the subcontinent.
Eight 700 MW pressurized heavy water reactors (PHWR) and eight light-water reactors (LWR) will take an investment of $41bn, with the LWRs coming from foreign companies.
Russia will build two more at Kudankulam, with the other six being set up by General Electric (NYSE: GE), Westinghouse Electric Corporation and Areva S.A. (OTC:ARVCY) according to Industrial Info.
The 16 reactors are in addition to the four 700-MW PHWRs under construction by NPCIL at the Rajasthan nuclear power station and at Kakrapara in Gujarat with an investment of $4bn.
By 2017, India is planning to have a total installed power generation capacity of 300 000 MW. Currently, the total has just passed 20000 MW.
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