Oil & Natural Gas Corporation Ltd.

State-owned Oil and Natural Gas Corp (ONGC) plans to take up to 49 per cent stake in one of the five proposed nuclear power plants of Nuclear Power Corp of India Ltd (NPCIL). The joint venture would build, own and operate nuclear power plants for energy generation at mutually agreed locations. It would be managed by a Board of Directors made up of nominees from both the companies.

NPCIL intends to set up five 'Nuclear energy parks' each with a total capacity of up to 10,000 MW at a single location. The sites identified for these energy parks are Kudankulam in Tamil Nadu, Jaitapur in Maharashtra, Mithi Virdi in Gujarat, Kowada in Andhra Pradesh and Haripur in West Bengal with imported reactors. Besides this, 700 MW indigenous PHWR (Pressurised heavy water reactor) technology is planned for Kumharia in Haryana (2800 MW), Bargi in Madhya Pradesh (1400 MW) and Markandi in Orissa (6000 MW).