The Joint Venture named 'ASHVINI' to develop nuclear power facility in India is between

The joint venture named 'ASHVINI' (Anushakti Vidhyut Nigam Limited) is a partnership between the Nuclear Power Corporation of India Limited (NPCIL) and NTPC Limited [2]. This supplementary joint venture agreement was signed to develop, build, own, and operate nuclear power facilities across India [3]. ASHVINI operates within the legal framework of the Atomic Energy Act of 1962, as amended in 2015, which allows for such collaborations between public sector undertakings [1]. One of the primary projects assigned to this joint venture is the development of the 4x700 MWe Pressurized Heavy Water Reactor (PHWR) at the Mahi-Banswara Rajasthan Atomic Power Project [4]. This partnership leverages NPCIL's nuclear expertise and NTPC's experience in large-scale power project execution to accelerate India's nuclear energy capacity [3].

Sources

1. [1] https://cdnbbsr.s3waas.gov.in/s35b8e4fd39d9786228649a8a8bec4e008/uploads/2025/01/20250128568182610.pdf
2. [2] https://cdnbbsr.s3waas.gov.in/s35b8e4fd39d9786228649a8a8bec4e008/uploads/2024/11/20241101208233669.pdf
3. [3] https://www.pib.gov.in/PressReleasePage.aspx?PRID=2087501
4. [4] https://www.barc.gov.in/presentations/fdch25.pdf