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Voice of Electricity Workers Government mulls nuclear power privatisation Stage has been set for opening up the nuclear power sector for private participation with nuclear power corporation (NCPIL) mandating the power finance Corporation to suggest changes in the Atomic Energy Act of 1962 and hunt a joint venture partner for Rs. 3,800 –crore Kaiga atomic power project. The Power Finance Corporation (PFC) was awarded the consultancy contract for the prestigious 440 MW Kaiga Project from the four short listed bidders which included Pricewaterhouse Coopers, JM Morgan Stanley and ICICI. Power Finance Corporation would locate partners for up to 49 percent equity in the proposed project of two units of 22mw, which would take up to four years for completion after the formation of the joint venture. Courtesy: Economic Times 9-3-2001
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