NTPC, the state-owned power company, is expected to find a strategic investor to its subsidiary NTPC Green Energy Ltd by March 2023. This will allow it to raise Rs 3,000 crore to implement renewable projects in the country.
“NTPC is currently looking for a strategic investor to its subsidiary NTPC Green Energy Ltd. According to a source, the company is looking to raise between Rs 2,000 crore and Rs 3,000 crore by this transaction. It is expected to close during the current fiscal year or March 2023.
According to the source, some equity investors, pension funds and large companies expressed interest in investing in NTPC Green Energy Ltd. This fiscal year, therefore, is the best time to bring a strategic investor to the subsidiary.
NTPC plans to build 60 GW of power generation capacity from RE (Renewable Energy Sources) by 2032. This would represent nearly 45 percent of the company’s total power generation capacity. The company will need more than Rs 2.5 lakh crore to reach this ambitious goal in the next decade.
The commissioned renewable energy capacity at the NTPC is 2,332 MW. The total installed power generation capacity of the NTPC Group, including joint ventures, is 70,254 MW.
One-fourth of all electricity in the country is supplied by NTPC.
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