NTPC aims to complete monetisation of renewable energy assets by January 2023

NTPC Limited is planning to transfer its entire renewable energy portfolio under a new company, NTPC Green Energy Limited, followed by the monetisation of the renewable energy assets by the end of January 2023.

On the status of renewables monetisation, reportedly, NTPC proposes to offload 10 per cent to 20 per cent stake and the process is on. NTPC’s entire green portfolio on a long-term basis will now be consolidated under NTPC Green Energy, which will have a 60 GW portfolio by 2032. Instead of monetisation of specific assets, it is a stake sale in the green energy company. About 2,861 MW of renewable capacity has been identified for monetisation, which has a book value of over Rs 100 billion.