Megha Engineering & Infrastructure Ltd (MEIL) secured a ₹12,800-crore contract from NPCIL for two 700 MW nuclear reactors in Karnataka, marking the first private sector contract in India. The contract, awarded through QCBS, aims to accelerate India’s nuclear power capacity for cleaner, more sustainable energy.
Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL) has formally received a ₹12,800 crore engineering, procurement, and construction (EPC) contract from the Nuclear Power Corporation of India Ltd (NPCIL) to construct two 700 megawatt electric (MWe) nuclear reactors—Kaiga Units 5 and 6—in Karnataka.
This contract marks MEIL’s entry into the nuclear energy sector and is the largest-ever order placed by NPCIL The order was officially handed over at NPCIL’s Mumbai headquarters to Ch. P. Subbaiah, Director of Projects at MEIL, and his team.For the first time, NPCIL employed the Quality-cum-Cost-Based Selection (QCBS) method.
For awarding this project, balancing quality and cost considerations. MEIL was selected over competitors such as Bharat Heavy Electricals Limited (BHEL) and Larsen & Toubro (L&T) due to its strong technical approach and competitive pricing Kaiga Units 5 and 6 are part of India’s initiative to construct ten indigenous MWe.
MEIL, established in 1989, is a multi-sector infrastructure company with operations in over 20 countries, encompassing sectors such as hydrocarbons, transportation, irrigation, power, drinking water, and manufacturing pressurized heavy water economies reactors (PHWRs) using a fleet-mode approach to enhance efficiency.
This contract signifies a significant step for MEIL into the nuclear energy sector, and of scale aligning with India’s broader strategy to expand its nuclear power capacity as part of its clean energy objectives The Kaiga project is expected to contribute substantially to India’s goal of increasing its nuclear power generation capacity..
With this development, MEIL joins the ranks of private sector entities contributing to India’s nuclear energy infrastructure, marking a milestone in the country’s pursuit of energy self-reliance and diversification supporting the nation’s commitment to sustainable and eco-friendly energy sources The successful execution of project.
As the project progresses, it is anticipated to generate employment opportunities and stimulate economic growth in the region, further emphasizing the multifaceted benefits of such large-scale infrastructure endeavors The Kaiga Units 5 and 6 are poised to become integral components of India’s nuclear power landscape.
This landmark contract underscores the collaborative efforts between public and private sectors in advancing India’s nuclear energy capabilities, setting a precedent for future partnerships in the domain reinforcing the nation’s commitment to sustainable development and energy security MEIL’s foray into nuclear energy.
As construction commences, the industry will keenly observe MEIL’s execution of this high-profile project, which holds significant implications for India’s energy trajectory and the role of private enterprises reactors project represents a confluence of technological innovation.
As the nation advances towards its clean energy goals, projects like Kaiga Units 5 and 6 will serve as benchmarks for excellence and collaboration in the nuclear energy sector MEIL’s engagement in this project only its portfolio but also signifies a pivotal moment in India’s journey towards energy diversification.
The successful realization of the Kaiga nuclear reactors will mark a significant achievement in India’s energy landscape, fostering growth, innovation, and environmental stewardship The collaboration between NPCIL and MEIL on project exemplifies the synergistic potential of public-private partnerships in advancing.
With the Kaiga Units 5 and 6, India takes a definitive step forward in its pursuit of sustainable energy solutions, setting the stage for continued progress and innovation in the nuclear sector MEIL’s involvement in this project heralds a new era of private sector participation in India’s nuclear energy endeavors, reflecting.
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