The country’s largest power generation company, NTPC has entered into an MoU with the country’s first infrastructure-specific fund, the National Investment and Infrastructure Fund (NIIF) Ltd to explore opportunities for investments in mutual areas of interest like renewable energy and power distribution in India.
The MoU was signed in the presence of Gurdeep Singh, Chairman & Managing Director, NTPC and Sujoy Bose, Managing Director & CEO, NIIF. AK Gupta, Director (Commercial) NTPC, Ambalika Banerji, Executive Director Direct Investments, NIIF, AK Gautam, Director Finance, NTPC, Vinod Giri, Managing Partner, NIIF Master Fund and other senior dignitaries from both sides were also present.
The MoU was signed through video conferencing between Sangeeta Kaushik, General Manager (BD-Domestic), NTPC and Rajiv Dhar, Executive Director & COO, NIIF.
With this MoU, NTPC and NIIF aim to collaborate to further help India’s vision of building sustainable and robust energy infrastructure in the country. This partnership aims to 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 of 24 Coal, 7 combined cycle gas and liquid fuel, 1 hydro, 13 renewables along with 25 subsidiary and joint venture power stations. NTPC targets to have nearly 30 GW of its overall power generation capacity from renewable energy sources by 2032.