MUMBAI: Reliance Industries, NTPC, Adani Power and Lalitpur Power Generation Company have earmarked total investments of Rs 6.5 lakh crore in the nuclear energy sector in Maharashtra, aiming to add 25.4 GW of power generation capacity through projects that are expected to create about 123,000 jobs.
Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement.
The government on Tuesday signed memoranda of understanding (MoUs) with NTPC, Adani Power, Reliance Industries, and Lalitpur Power Generation Company for the projects.
Also Read: I Squared to pump $1 billion into power grid assets
The push for nuclear energy is being driven in part by rising electricity demand from emerging sectors such as AI and data centres, which is expected to exponentially drive power demand in Maharashtra in the coming years. Industry leaders globally, including hyperscalers, are increasingly turning to nuclear power for its ability to provide stable, round-the-clock clean energy.
Also Read: Industry wants to build nuclear reactors in India, possible with SHANTI Act: US delegate
The Maharashtra government is also in talks for setting up thorium-based nuclear power plants by replacing old thermal power plants which have lost their efficiency. Two such plants - a 1540 MW thorium plant, and another two 220 MW plants are being planned. The state government is in advanced talks with the Nuclear Power Corporation of India and the Department of Atomic Energy for this venture.
Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement.
The government on Tuesday signed memoranda of understanding (MoUs) with NTPC, Adani Power, Reliance Industries, and Lalitpur Power Generation Company for the projects.
Also Read: I Squared to pump $1 billion into power grid assets
The push for nuclear energy is being driven in part by rising electricity demand from emerging sectors such as AI and data centres, which is expected to exponentially drive power demand in Maharashtra in the coming years. Industry leaders globally, including hyperscalers, are increasingly turning to nuclear power for its ability to provide stable, round-the-clock clean energy.
Also Read: Industry wants to build nuclear reactors in India, possible with SHANTI Act: US delegate
The Maharashtra government is also in talks for setting up thorium-based nuclear power plants by replacing old thermal power plants which have lost their efficiency. Two such plants - a 1540 MW thorium plant, and another two 220 MW plants are being planned. The state government is in advanced talks with the Nuclear Power Corporation of India and the Department of Atomic Energy for this venture.
