PM Lays Foundation Stone of ₹42,000 Cr Mahi Banswara Nuclear Power Project

Banswara, Rajasthan, Sept 25: Prime Minister Narendra Modi laid the foundation stone of Anushakti Vidhyut Nigam Ltd’s (ASHVINI) Mahi Banswara Rajasthan Atomic Power Project (MBRAPP), a 4×700 MW nuclear plant worth around ₹42,000 crore. The project will be among the largest nuclear power plants in India, supplying reliable base load energy and reinforcing the country’s commitment to clean energy and environmental stewardship.

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Indigenous Nuclear Technology

• The plant comprises four indigenous 700 MW Pressurized Heavy Water Reactors (PHWRs) with advanced safety features.
• These reactors have been designed and developed by Nuclear Power Corporation of India Ltd (NPCIL).
• It is part of India’s “fleet mode” programme, under which 10 identical 700 MW reactors are being constructed across the country to achieve cost efficiency, faster rollout, and consolidated expertise.

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Joint Venture Model

• The project is being developed by Anushakti Vidhyut Nigam Ltd (ASHVINI) — a joint venture of NPCIL (51%) and NTPC Ltd (49%).
• The collaboration pools financial strength, technological know-how, and project management expertise of the two public sector giants.

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Strategic Importance

• The MBRAPP will supply clean, affordable, and reliable electricity to Rajasthan and other beneficiary states.
• It will significantly contribute to India’s energy security and climate goals, reducing dependence on fossil fuels.
• By adopting advanced indigenous technology, the project furthers the vision of Aatmanirbhar Bharat in the strategic nuclear energy sector.

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Economic & Employment Boost

• The project is expected to create large-scale direct and indirect employment opportunities, benefiting local communities, businesses, and industries.
• It will foster economic growth and regional development in Rajasthan, while also enhancing India’s nuclear energy footprint globally.