NTPC to explore investment opportunities in RE, discom businesses, signs MoU with NIIF

New Delhi: NTPC Limited, a Maharatna PSU under the Ministry of Power, said on Thursday that it has entered into a memorandum of understanding (MoU) with National Investment and Infrastructure Fund (NIIF) to explore opportunities for investments in areas like renewable energy, power distribution, among other areas of mutual interest in India.

The MoU has been signed through video conferencing between NTPC Limited's General Manager (BD – Domestic) Sangeeta Kaushik and NIIFL's Executive Director & Chief Operating Officer Rajiv Dhar in the presence of NTPC Limited's Chairman & Managing Director (CMD) Gurdeep Singh and NIIF's Managing Director & CEO Sujoy Bose. NTPC Limited's Director (Commercial) AK Gupta, NIIF's Executive Director (Direct Investments) Ambalika Banerji, NTPC Limited's Director (Finance) AK Gautam, NIIF's Managing Partner (NIIF Master Fund) Vinod Giri and other senior officials from both the organisations were also present on the occasion.

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.

NTPC Limited

The present installed capacity of NTPC Limited is 62,110 MW (including 11,755 MW through JVs and subsidiaries), comprising of 70 NTPC stations (24 coal-based stations, 7 combined cycle gas and liquid fuel based stations, 2 hydro-based station, 1 wind-based station), 25 Joint Venture stations (9 coal-based and 4 gas based) and 12 renewable energy projects.

NTPC targets to have nearly 30 GW of its overall power generation capacity from renewable energy sources by 2032.

NIIF Limited

NIIF Limited manages over USD 4.3 billion of equity capital commitments across its three funds – Master Fund, Fund of Funds and Strategic Opportunities Fund, each with its distinct investment strategy. NIIFL is a collaborative investment platform for international and Indian investors, anchored by the Government of India. NIIFL invests across asset classes such as infrastructure, private equity and other diversified sectors in India, with the objective to generate attractive risk-adjusted returns for its investors. The NIIF Master Fund is the largest infrastructure fund in the country and invests in core infrastructure sectors such as transportation and energy.

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