Through 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.
NTPC in its filing stated that the company targets to have nearly 30 GW of its overall power generation capacity from renewable energy sources by 2032.
According to the regulatory filing, with a total installed capacity of 62110 MW, NTPC Group has 70 Power stations comprising of 24 Coal, 7 combined cycle Gas/Liquid Fuel, 1 Hydro, 13 Renewables along with 25 Subsidiary & JV Power Stations.
On Sensex, NTPC stock ended at Rs86.75 per piece down by 1.42%. The stock has touched an intraday high and low of Rs88.40 per piece and Rs85.90 per piece respectively.