NTPC To Form Wholly-Owned Subsidiary For Its RE Business

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National Thermal Power Corporation Limited (NTPC) Ltd,a central PSU under Ministry of Power and Country’s largest power generation company, recently  in its corporate disclosure to the BSE and NSE declared that it received the approval of NITI Aayog, Department of Investment, Ministry of Finance  and Public Asset Management (DIPAM) to form  a wholly-owned company for its renewable energy business.

The wholly-owned subsidiary that is Renewable Energy Business will be incorporated under the provisions of the Companies Act, 2013.

Recently, NTPC Group has achieved over 100 Billion Units (BUs) of cumulative generation in the current financial year, reinforcing the group’s commitment towards excellence in operation across its plants.

With a total installed capacity of 62.9 GW, NTPC Group has 70 Power stations comprising 24 Coal, 7 combined cycle Gas/Liquid Fuel, 1 Hydro, 13 Renewables along with 25 Subsidiary & JV Power Stations. The group has over 20 GW of capacity under construction, including 5 GW of renewable energy projects.

In July, NTPC stated that it has entered into a Memorandum of Understanding (MoU) with National Investment and Infrastructure Fund (NIIF), acting through National Investment and Infrastructure Fund Limited (NIIFL), to explore opportunities for investments in areas like renewable energy, power distribution among other areas of mutual interest in India.

With this MoU, NTPC and NIIF aim to collaborate to further help India’s vision of building sustainable and robust energy infrastructure in the country. This partnership aims to bring together NTPC’s technical expertise and NIIF’s ability to raise capital and bring in global best practices by leveraging its existing relationships with leading players.

National Thermal Power Corporation Limited (NTPC) Ltd,a central PSU under Ministry of Power and Country’s largest power generation company, recently  in its corporate disclosure to the BSE and NSE declared that it received the approval of NITI Aayog, Department of Investment, Ministry of Finance  and Public Asset Management (DIPAM) to form  a wholly-owned company for its renewable energy business.

The wholly-owned subsidiary that is Renewable Energy Business will be incorporated under the provisions of the Companies Act, 2013.

Recently, NTPC Group has achieved over 100 Billion Units (BUs) of cumulative generation in the current financial year, reinforcing the group’s commitment towards excellence in operation across its plants.

With a total installed capacity of 62.9 GW, NTPC Group has 70 Power stations comprising 24 Coal, 7 combined cycle Gas/Liquid Fuel, 1 Hydro, 13 Renewables along with 25 Subsidiary & JV Power Stations. The group has over 20 GW of capacity under construction, including 5 GW of renewable energy projects.

In July, NTPC stated that it has entered into a Memorandum of Understanding (MoU) with National Investment and Infrastructure Fund (NIIF), acting through National Investment and Infrastructure Fund Limited (NIIFL), to explore opportunities for investments in areas like renewable energy, power distribution among other areas of mutual interest in India.

With this MoU, NTPC and NIIF aim to collaborate to further help India’s vision of building sustainable and robust energy infrastructure in the country. This partnership aims to bring together NTPC’s technical expertise and NIIF’s ability to raise capital and bring in global best practices by leveraging its existing relationships with leading players.

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