NTPC enters into pact with NIIF to explore business opportunities

NTPC Limited has entered into a memorandum of understanding (MoU) with National Investment and Infrastructure Fund (NIIF) to explore opportunities for investments in areas like renewable energy and power distribution among other areas of mutual interest in India.

The 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. NTPC targets to have nearly 30 GW of its overall power generation capacity from renewable energy sources by 2032. NIIF manages over $4.3 billion of equity capital commitments across its three funds – Master Fund, Fund of Funds and Strategic Opportunities Fund, each with its distinct investment strategy.

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