The Nuclear Power Corporation of India Limited is planning to raise funds through debt from international markets.

The raised debt is expected to be used to fund two proposed nuclear power plants in India, according to a company official. Company's technical director S. A. Bharadwaj, "Getting overseas loans is part of the whole negotiation process with equipment suppliers as it may be less expensive."

NPCIL is planning to approach banks in France or raising funds for the Jaitapur plant in western India, and banks in Russia for funding the Kudankulam plant in south India. Mr. Bharadwaj also said that NPCIL is also planning to raise funds form Indian banks and will also tap its own cash reserves of around 120 billion-140 billion rupees to implement the projects in the country.

NPCIL is expected to sing a deal with French company Areva SA for two reactors of 1,650 megawatts each for the Jaitapur plant. The company will start work on the Kudankulam plant six months after the protests ended there.

NPCIL is also building two 700 MW atomic power plants in Gujarat and Rajasthan.