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.