NTPC ENTERS PACT WITH NIIF TO EXPLORE BUSINESS OPPORTUNITIES IN INDIA
Bureau,Odishabarta
TALCHER:Country’s largest power generation company, NTPC Ltd on July 16, 2020 entered into a Memorandum of Understanding (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.
The MoU was signed in the august presence of Shri Gurdeep Singh, CMD, NTPC & Shri Sujoy Bose, Managing Director, and CEO, NIIFL. Shri A K Gupta, Director (Commercial) NTPC, Smt Ambalika Banerji, Executive Director – Direct Investments, NIIF, Shri A K Gautam, Director (Finance) NTPC, Shri Vinod Giri, Managing Partner, NIIF Master Fund and other senior dignitaries from both the organizations were also present on the occasion.
The MoU was signed through video conferencing between Smt. Sangeeta Kaushik, GM (BD-Domestic), NTPC and Shri. Rajiv Dhar, Executive Director& Chief Operating Officer, NIIFL.
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/Liquid Fuel, 1 Hydro, 13 Renewables along with 25 Subsidiary & JV Power Stations. NTPC targets to have nearly 30 GW of its overall power generation capacity from renewable energy sources by 2032.
