NTPC considers listing its arm to raise funds for RE target

NTPC Limited is considering to launch an initial public offering (IPO) for its renewable energy (RE) arm NTPC Renewable Energy Limited to raise funds for reaching its RE targets.

NTPC has planned to achieve 60 GW installed RE capacity by 2032for which the company would need to add 7-8 GW RE every year. It also aims for a 10 per cent reduction in net energy intensity by 2032.NTPC is the first energy company in India to declare its energy compact goals as part of the UN High-level Dialogue on Energy (HLDE). NTPC may also look at blended finance for financing the capacity addition and roping in other investors for meeting green energy targets.

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