IOC-NPCIL JV's 1,400 MW maiden project to go on steam by FY17

The 1,400 MW nuclear power plant of NPCIL-Indian IOC Nuclear Power Corporation Limited, a joint venture between the two PSUs is expected to become commercially operational by 2016-17. Currently, the civil construction of the project is in progress.
8Indian Oil's board has approved 26% (Rs 961 crore) equity partnership for setting up the power plant in Rawatbhatta, Rajasthan. However, it is possible that IOC may acquire 49 percent stake in the proposed joint venture which will own the seventh and eighth unit of the Rajasthan plant of 700 MW each.
8The project is being set up at a total outlay of Rs 12,000 crore, to be financed in the debt-equity ratio of 70:30.
8Notably, the two state-run companies signed an MoU in November, 2009 and formed the JV company in April, 2011. The MoU covers setting up of nuclear power plants in the country for generation of electricity and any other area as mutually agreed upon.Worried Karnataka CM pleads PMO to help speed up coal linkage allocation for thermal projects