NTPC Green Energy likely to get strategic investor by March 2023

NTPC Limited is likely to get a strategic investor for its arm NTPC Green Energy Limited by March 2023, which will help raise up to Rs 30 billion for implementing renewables projects in the country.

NTPC plans to have 60 GW capacity through renewable energy sources, constituting nearly 45 per cent of its overall power generation capacity by 2032, the company would require over Rs 2.5 trillion to achieve this ambitious target in next one decade. At present, NTPC has a commissioned renewable energy capacity of 2,332 MW. The total installed power generation capacity, including fossil-fuel based, of the NTPC Group (including joint ventures and subsidiaries) stands at 70,254 MW. NTPC supplies one-fourth of the total electricity supply in the country.