NTPC-NIIF sign MoU to explore business opportunities in India
Key focus on renewable energy, power distribution
Image credit: ntpc.co.in
The National Thermal Power Corporation, NTPC has signed an MoU with National Investment and Infrastructure Fund, NIIF, acting through National Investment and Infrastructure Fund Limited, NIIFL, to explore opportunities for investments in areas like renewable energy, power distribution among other areas of mutual interest in India.
This MoU, signed on July 16, 2020, is aimed at furthering India's vision of building sustainable and robust energy infrastructure in the country. The partnership will bring together NTPC’s technical expertise and NIIF’s ability to raise capital and bring in global best practices by leveraging its existing relationships with leading players.
With a total installed capacity of 62110 MW, NTPC Group has 70 Power stations comprising 24 Coal, 7 combined cycle Gas/Liquid Fuel, 1 Hydro, 13 Renewables along with 25 Subsidiary & JV Power Stations. NTPC’s goal is to generate 30 GW of its overall power generation capacity from renewable energy sources by 2032.
The MoU was signed via video conferencing between Sangeeta Kaushik, GM (BD-Domestic), NTPC and Rajiv Dhar, Executive Director& Chief Operating Officer, NIIFL.