State-owned NTPC on Thursday reached a memorandum of understanding with the National Investment and Infrastructure Fund (NIIF) to explore investment opportunities in areas such as renewables, power distribution, among other areas of development. mutual interest in India. In this MoU, NIIF will act through the National Investment and Infrastructure Fund Limited (NIIFL).
Through this MoU, NTPC and NIIF aim to collaborate to further assist India’s vision of building a 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 integrate global best practices by leveraging its existing relationships with leading players.
NTPC on its record said the company aims to have nearly 30 GW of its overall capacity to generate electricity from renewable energy sources by 2032.
According to the regulatory file, with a total installed capacity of 62,110 MW, the NTPC group has 70 power plants comprising 24 coal-fired plants, 7 combined cycle gas / liquid fuel, 1 hydroelectricity, 13 renewable energies as well as 25 subsidiary power plants and JV.
On Sensex, NTPC stock closed at Rs 86.75 per coin, down 1.42%. The stock hit an intraday high and low of Rs 88.40 per coin and Rs 85.90 per coin respectively.