When did work start on this 700 MWe project?
The first “pour of concrete” happened in November 2010, and this unit was originally expected to be commissioned in 2015.
State-owned Nuclear Power Corporation of India Ltd (NPCIL) had awarded the reactor-building contract for both KAPP-3 and 4 to Larsen & Toubro at an original contract value of Rs 844 crore. The original cost of two 700 MWe units was pegged at Rs 11,500 crore, and the tariff per unit was originally calculated to be Rs 2.80 per unit (kWh) at 2010 prices (a cost of roughly Rs 8 crore per MWe). This costing is expected to have seen some escalation.
The capital investment for these projects is being funded with a debt-to-equity ratio of 70:30, with the equity part being funded from internal resources and through budgetary support.
What does achieving criticality mean?
Reactors are the heart of an atomic power plant, where a controlled nuclear fission reaction takes place that produces heat, which is used to generate steam that then spins a turbine to create electricity. Fission is a process in which the nucleus of an atom splits into two or more smaller nuclei, and usually some byproduct particles. When the nucleus splits, the kinetic energy of the fission fragments is transferred to other atoms in the fuel as heat energy, which is eventually used to produce steam to drive the turbines. For every fission event, if at least one of the emitted neutrons on average causes another fission, a self-sustaining chain reaction will take place. A nuclear reactor achieves criticality when each fission event releases a sufficient number of neutrons to sustain an ongoing series of reactions.