GMR Energy, a unit of GMR Infrastructure Ltd. has announced India’ first privately owned and operated nuclear power plant, close on the heels of the NSG waiver for India in Vienna recently.GMR would be investing Rs 10,000 crore to set up a nuclear power plant producing 2000 to 3000 MW enregy in the next five to seven years.
At the moment, only state-owned plants are allowed in India – private nuclear power plants are not permissible right now. But private players like GMR are confident that once the nuclear deal – the 1-2-3 agreement – passes the US Congress, the doors would finally be opened to private players in the nuclear power business.
Avinash R Shah, GMR Energy Executive VP told the press in New Delhi that the company has already talked to nuclear fuel suppliers and equipment suppliers.
MR Srinivasan, formerly CMD of the government-owned Nuclear Power Corporation has been hired by GMR Energy. Mr Shah said that there were several other highly experienced people with GMR Energy now.
GMR Energy has been in talks with fuel and equipment suppliers in countries such as France, Korea and United States. GMR is considering a strategic partner for its nuclear energy projects. Mr Shah said that GMR Energy currently has 800 MW of thermal power generating capacity and expects to increase it to 4500 MW in the next 1-2 years. The company has several power projects under construction — in both hydro-electric power as well as coal-powered.
The total generating capacity being planned is 10,000 MW.