NTPC taps CPPIB, TAQA to sell green arm stake

Reportedly, NTPC Limited has approached global utilities and energy companies, pension and infrastructure-focussed funds to start fundraising for its clean energy platform.

NTPC plans to first carve out its renewable energy assets into a special purpose vehicle and sell a stake subsequently to raise funds which will form part of the government’s National Monetisation Pipeline (NMP). Feelers have been sent and preliminary discussions have been held with Abu Dhabi-listed TAQA, Malaysia’s state-owned Petronas, Canadian pension fund CPP Investment Board (CPPIB), Brookfield, KKR & Co. and Copenhagen Infrastructure Partners among others to gauge their interest.