NTPC Ltd has entered into an 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.
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 62,110 mw, NTPC Group has 70 power stations comprising of 24 coal, 7 combined cycle gas/liquid Fuel, 1 hydropower and 13 renewables, along with 25 subsidiary and joint venture power plants.
NTPC targets to have nearly 30 GW of its overall power generation capacity from renewable energy sources by 2032.
NIIF Ltd manages over $4.3 billion of equity capital commitments across its three funds – Master Fund, Fund of Funds, and Strategic Opportunities Fund. Each fund has its distinct investment strategy.
The NIIF Master Fund is the largest infrastructure fund in the country and invests in core infrastructure sectors such as transportation and energy.
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.
Featured photograph shows NTPC’s Vindhyachal super thermal power plant. Located in Singrauli district of Madhya Pradesh, the Vindhyachal STPP, is currently the largest coal-fired power plant in India. With its first unit (of 210-mw) commissioned in October 1987, Vindhyachal STPP today has a total capacity of 4,760 mw, coming from six units of 210-mw and seven of 500-mw,
