NTPC plans Rs 2.5 lakh crore investment in renewable energy, Energy News, ET EnergyWorld
Sources in government have said that the power producer will invest nearly 2 lakh crore to Rs 2.5 crore lakh over the next decade in expanding renewable capacity to also boost equity support. , much of which would also come from the market through the public offer.
NTPC recently doubled its goal of adding renewable energy capacity from 30,000 to 60,000 MW in 2032. It aims to have a 50:50 thermal-renewable mix over the next decade. Current test, the company has approximately 1,500 MW of renewable capacity and approximately 3,500 MW is under construction.
NTPC will also reduce net energy intensity by 10 percent. In this regard, the plan is to add 7,000 to 8,000 MW of renewable capacity each year.
The equity requirements for the renewable energy expansion are expected to be around Rs 50,000 crore, while the balance of the investment is expected to come from loan and bond issues. A large part of the equity would be raised thanks to the market plan for the listing of the renewable subsidiary which is crystallized.
Last year, in October, state-owned NTPC incorporated a wholly-owned subsidiary for its renewable energy business on behalf of NTPC Renewable Energy Ltd.