NTPC plans to rope in strategic investor for its clean energy arm NREL

NTPC Limited plans to rope in a strategic investor for its clean energy arm NTPC Renewable Energy Limited (NREL) ahead of its likely listing on bourses in next year.

The listing of NREL is part of NTPC’s overall Rs 150 billion divestment plan in next three years. The divestment plan also includes listing of North Eastern Electric Power Corporation Limited (NEEPCO) and NTPC Vidyut Vyapar Nigam Limited (NVVNL) by March 2024. The plan also includes sale of its stake in NTPC-SAIL Power Company Limited (NSPCL). The equity component of NREL would be around Rs 500 billion and rest of the requirement would be met through long-term loans, debentures, bonds and other modes.