NTPC Overseas Uranium Mines Acquisition Program

planned

NTPC, India's largest state-controlled power utility, has initiated a formal search and acquisition program for overseas uranium mines to secure uranium supply for India's ambitious nuclear power expansion. The program involves appointing specialist consultants to identify and evaluate uranium mining assets in four target countries: Canada, Australia, Kazakhstan, and South Africa. The goal is to support India's target of 100 GW nuclear power capacity by 2047, with NTPC contributing approximately 30 GW. The strategy includes screening greenfield, brownfield, and operating mines, assessing strategic and geopolitical fit, preparing global RFPs, and conducting techno-commercial analysis.