NTPC in talks to buy minority stake in U.S.-based nuclear tech firm CCTE

NTPC is successful talks to bargain a number involvement successful U.S.-based atomic substance exertion institution Clean Core Thorium Energy (CCTE), the state-owned steadfast said connected Friday (January 2, 2025).

In a reply to a BSE query, NTPC said it continuously explores concern opportunities successful home and planetary markets. "In this context, the institution is inter alia looking for a number involvement successful Clean Core Thorium Energy," the powerfulness elephantine noted.

Any determination of concern volition beryllium taxable to owed diligence and statutory/ regulatory approvals. The institution did not disclose further accusation related to discussions underway.

Sources had told PTI that the homegrown powerfulness elephantine is exploring aggregate planetary collaborations successful the country of exertion and fuel, including a number equity concern successful CCTE, to propulsion its atomic ambitions.

The U.S.-based institution has developed a patented thorium and enriched uranium atomic substance called ANEEL. It claims that the substance is compatible with existing pressurised dense h2o reactors (PHWR)/Canada Deuterium Uranium (CANDU) reactors.

NTPC looks to acceptable up astir 30 GW of company-owned atomic projects crossed assorted locations successful the state successful enactment with the government's ambition of reaching 100 GW atomic capableness by 2047.