The Vedanta Group is seeking bids from firms to build 5 GW of nuclear power capacity in India to meet the energy needs of its facilities. Initial bids are to be submitted by March 22.
The company said: “We are looking for a globally recognised company with a proven track record of designing, building, and operating nuclear plants to deliver an end-to-end turnkey project.” It added that it will arrange for the land, infrastructure support, and regulatory approvals.
Vedanta currently has an energy portfolio consisting of 9000 MW of thermal and 4000 MW of renewables under construction. It is aiming to expand its capacity to 20 GW over the next three years.
Nirmala Sitharaman, India’s Finance Minister, said that legislative amendments will be made to allow private firms to participate in nuclear power generation by changing its liability law.
Vedanta’s announcement follows Tata Power saying that it will set up SMRs.