Ample foreign funding for Jaitapur n-plant: NPCIL
24 Mar 2011
Mumbai: The Nuclear Power Corporation of India Ltd (NPCIL) on Wednesday dismissed reports that some international banks had decided to withdraw funding from the controversial Jaitapur Nuclear Power Project (JNPP) coming up in the western state of Maharashtra.
In a statement, the Indian nuclear utility said that several international banks had committed to finance JNPP and the funding commitments received so far exceeded the amount of debt funding required for the huge project.
The French authorities, too, are supporting the funding through their export credit agencies.
'All such international banks contacted are keen to fund JNPP and to be associated with NPCIL. None of these banks expressed any inability to fund this project,' the statement said.
The Jaitapur project, with a total capacity of 9,900 MWe, will be launched with the construction of two nuclear power reactors of 1650 MWe each in the first phase. There will be a total of six such, Areva-designed, EPR reactors at the site.
The project has been planned with a debt-equity ratio of 70:30.
When fully commissioned the JNPP will be the largest nuclear power project in the world.
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