The Hindu : Business : Reliance Energy plans to set up N-power station

Online edition of India's National Newspaper
Monday, Nov 01, 2004

Business

Business

Reliance Energy plans to set up N-power station

MUMBAI, OCT. 31. Reliance Energy is looking at possibilities to set up Nuclear Power stations. ``This requires a lot of support from the Government'', V.K. Chaturvedi, newly appointed director of the New Power Initiative of Reliance Energy, said, adding that perhaps for the first time in the country any private company would be entering the nuclear power market.

Dr. Chaturvedi, who was the former CMD of the Nuclear Power Corporation of India Ltd (NPCIL), said, ``it will be necessary to have technical support from the Department of Atomic Energy and NPCIL''.

As soon as the amended Atomic Energy Act gets clearance from the Parliament on private participation in the nuclear energy production in the country, Reliance Energy would be the first company to come forward to set up nuclear power plants, Dr. Chaturvedi said.

The idea is to meet the high energy demand of the country in view of depletion of fossil fuel in the coming years, he said.

For the country's expected demand of 600 to 700 Gigawatts of electricity by 2050, ``the new resources should be looked into without any delay,'' he said on the sidelines of the Founder's Day Celebration at BARC during the week-end.

Other renewable sources that Reliance Energy is working on are wind and solar energy, mainly to cater to the requirements of isolated places where there is no connection from the main grid.

PTI

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