The Indian company Megha Engineering & Infrastructures (MEIL) has secured a INR 128bn (US$1.53bn) contract for the construction of two 700 MW reactors at the Kaiga nuclear power plant, located in India’s Karnataka State. The Engineering, Procurement, and Construction (EPC) contract was awarded by the Nuclear Power Corporation of India (NPCIL), which operates India’s existing nuclear power plants. Located in Uttara Kannada district, the Kaiga nuclear plant currently has an installed capacity of 880 MW, comprising four 220 MW pressurised heavy water reactors (PHWRs). The new contract involves the construction of two additional PHWR reactors, namely units 5 and 6.
Earlier in June 2024, India’s Department of Atomic Energy announced plans for a 70% increase in nuclear energy capacity in the country in the next five years, with capacity expected to rise from 7.48 GW currently to 13.08 GW in 2029. India aims to build 10 indigenous 700 MW PHWRs. As of end-2023, nuclear represented only about 1.5% of India’s installed capacity and less than 3% of its power generation.
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