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NPCIL to borrow $5.7 bn for world’s largest nuclear plant via The Financial Express

fe Bureau
Posted: Saturday, Jul 23, 2011 at 0048 hrs IST

New Delhi: Nuclear Power Corporation (NPCIL), India’s lone nuclear power generation utility, is going ahead with its aggressive capacity addition plans despite the renewed concern over safety of nuclear power generation after the Fukushima disaster.NPCIL is in talks with a consortium of 12 European banks, including BNP Paribas SA, HSBC Holdings Plc and Societe Generale, to raise as much as 4 billion euros ($5.7 billion) to finance its proposed 10,000 mw nuclear power plant at Jaitapur in Maharashtra. Reactors for this plant — the largest in the world — will be supplied by Areva, a French nuclear power equipment manufacturer, according to a senior NPCIL official.

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