The Nuclear Power Corporation of India Ltd. has plans to build 16 reactors in the next five years, the organization’s former chairman said last week.S K Jain, who retired Thursday, commented on the $40 billion in potential new build in an interview with The Economic Times. That encompasses eight pressurized heavy water reactors and eight imported light water reactors. He also said NPCIL has entered into a joint venture with Bharat Heavy Electricals Ltd. and Alstom for PHWR turbine construction. Another venture with Larsen and Toubro covers the production of forgings. He did not mention specific firms under consideration to build the LWRs.NPCIL currently has four 700 megawatt PHWRs under construction in Rajasthan and Gujarat, according to the World Nuclear Association. Additionally, two Russian VVER PWRs are close to coming online at the Kudankulam plant.