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Jaitapur Nuclear Power Project
Jaitapur Nuclear Power Project is a proposed nuclear power plant in India. If built, it would be the largest nuclear power generating station in the world by net generation capacity, at 9,900 MW. As of 2025, each unit's power has been increased to 1730MW and the installed capacity has been raised to 10,380MW. The power project is proposed by Nuclear Power Corporation of India (NPCIL) and would be built at Madban village of Ratnagiri district in Maharashtra.
On 6 December 2010 agreement was signed for the construction of a first set of two third-generation European Pressurized Reactors and the supply of nuclear fuel for 25 years in the presence of French president Nicolas Sarkozy and Indian prime minister Manmohan Singh. French state-controlled nuclear engineering firm Areva S.A. and Indian state-owned nuclear operator Nuclear Power Corporation of India signed the agreement, valued about $9.3 billion. This is a general framework agreement that was signed along with the agreement on 'Protection of Confidentiality of Technical Data and Information Relating to Nuclear Power Corporation in the Peaceful Uses of Nuclear Energy'. The plant construction was expected to start in late 2018. As of June 2019, NPCIL officials could not give a time-frame as to when the Jaitapur plant would be operational.
In April 2021, EDF submitted a binding technico-commercial offer to NPCIL and hoped to reach a binding framework agreement "in the coming months".
The proposed Jaitapur Nuclear Power Project is located at the west coast of India. It has an average elevation of 90 feet (27 m). This project will spread over 968 hectares (3.74 sq mi; 9.68 km2) of land. Jaitapur is on the Arabian Sea coast in Ratnagiri district in the southwestern part of Maharashtra, India. The district is a part of Konkan in Western Ghats. The Sahyadri Mountain range forms the eastern boundary of the Konkan, and the Arabian Sea marks the western boundary. Jaitapur was one of the important ports in ancient and early medieval times.
It is proposed to construct 6 European Pressurized Reactors designed and developed by Framatome (former Areva) of France, each of 1650 MW, thus totalling 9900 MW. These are the third generation pressurised water reactors (PWR).
Estimated cost of this project was around ₹1,000 billion (US$12 billion). A memorandum of understanding was signed between the Indian and French governments and an agreement between Areva and the Nuclear Power Corporation of India during French president Nicolas Sarkozy's visit to India during December 2010. A new agreement between Électricité de France and the Nuclear Power Corporation of India was signed in March 2018.
The cost of building the plant is about ₹20 crore (US$2.4 million) per MW electric power compared with ₹5 crore (US$590,000) per MW electric power for a coal power station. Nuclear power plants generally feature significantly higher investment cost while day-to-day operating cost is lower compared to combustion plants. Refraining from going into detail, Areva CEO Anne Lauvergeon asserted in November 2010 that the cost of electricity from this power plant will be below ₹4 (4.7¢ US) per Kilowatt hour.
A consortium of French financial institutions will finance this project as a loan. Both French and Indian government will give sovereign guarantee for this loan. The extent of guarantee will depend on what portion of the cost the French credit will cover. The Organisation for Economic Co-operation and Development (OECD) will govern the interest rates and other terms of agreement. Interest rates and other terms are under discussion.
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Jaitapur Nuclear Power Project
Jaitapur Nuclear Power Project is a proposed nuclear power plant in India. If built, it would be the largest nuclear power generating station in the world by net generation capacity, at 9,900 MW. As of 2025, each unit's power has been increased to 1730MW and the installed capacity has been raised to 10,380MW. The power project is proposed by Nuclear Power Corporation of India (NPCIL) and would be built at Madban village of Ratnagiri district in Maharashtra.
On 6 December 2010 agreement was signed for the construction of a first set of two third-generation European Pressurized Reactors and the supply of nuclear fuel for 25 years in the presence of French president Nicolas Sarkozy and Indian prime minister Manmohan Singh. French state-controlled nuclear engineering firm Areva S.A. and Indian state-owned nuclear operator Nuclear Power Corporation of India signed the agreement, valued about $9.3 billion. This is a general framework agreement that was signed along with the agreement on 'Protection of Confidentiality of Technical Data and Information Relating to Nuclear Power Corporation in the Peaceful Uses of Nuclear Energy'. The plant construction was expected to start in late 2018. As of June 2019, NPCIL officials could not give a time-frame as to when the Jaitapur plant would be operational.
In April 2021, EDF submitted a binding technico-commercial offer to NPCIL and hoped to reach a binding framework agreement "in the coming months".
The proposed Jaitapur Nuclear Power Project is located at the west coast of India. It has an average elevation of 90 feet (27 m). This project will spread over 968 hectares (3.74 sq mi; 9.68 km2) of land. Jaitapur is on the Arabian Sea coast in Ratnagiri district in the southwestern part of Maharashtra, India. The district is a part of Konkan in Western Ghats. The Sahyadri Mountain range forms the eastern boundary of the Konkan, and the Arabian Sea marks the western boundary. Jaitapur was one of the important ports in ancient and early medieval times.
It is proposed to construct 6 European Pressurized Reactors designed and developed by Framatome (former Areva) of France, each of 1650 MW, thus totalling 9900 MW. These are the third generation pressurised water reactors (PWR).
Estimated cost of this project was around ₹1,000 billion (US$12 billion). A memorandum of understanding was signed between the Indian and French governments and an agreement between Areva and the Nuclear Power Corporation of India during French president Nicolas Sarkozy's visit to India during December 2010. A new agreement between Électricité de France and the Nuclear Power Corporation of India was signed in March 2018.
The cost of building the plant is about ₹20 crore (US$2.4 million) per MW electric power compared with ₹5 crore (US$590,000) per MW electric power for a coal power station. Nuclear power plants generally feature significantly higher investment cost while day-to-day operating cost is lower compared to combustion plants. Refraining from going into detail, Areva CEO Anne Lauvergeon asserted in November 2010 that the cost of electricity from this power plant will be below ₹4 (4.7¢ US) per Kilowatt hour.
A consortium of French financial institutions will finance this project as a loan. Both French and Indian government will give sovereign guarantee for this loan. The extent of guarantee will depend on what portion of the cost the French credit will cover. The Organisation for Economic Co-operation and Development (OECD) will govern the interest rates and other terms of agreement. Interest rates and other terms are under discussion.
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