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Updated December 28th, 2023 at 18:35 IST

NTPC eyes listing of green energy arm within next two years

Singh articulated optimism regarding an expected 30-40 per cent increase in capital expenditure (capex) to meet rising electricity demand across the nation.

Business Desk
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NTPC is actively considering the possibility of listing its green energy division within the upcoming 1-2 years, said Gurdeep Singh, the Chairman and Managing Director of NTPC. Speaking at the 10th SBI Banking & Economics Conclave during a panel discussion titled "An Indian Tomorrow," Singh elaborated on the company's strategic plans and growth projections.

Singh articulated optimism regarding an expected 30-40 per cent increase in capital expenditure (capex) to meet rising electricity demand across the nation. "Given our expansion plans and growth trajectory, an initial public offering (IPO) for our green energy segment could materialise in the next couple of years," he stated.

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Highlighting NTPC's commitment to ensuring a stable and affordable power supply, Singh emphasised the imperative of striking a balance between conventional and renewable energy sources. "While coal remains a pivotal component of our energy matrix, the emphasis is shifting towards augmenting capacities in solar and hydrogen-based power solutions," he remarked. He further outlined NTPC's objective to achieve parity between fossil and non-fossil fuel capacities within a 5-7 year timeframe.

Providing an operational update, Singh revealed that NTPC currently has 3.5 gigawatts of commissioned renewable energy capacity, with an additional 7.5 gigawatts under construction. "With ongoing developmental activities, we are witnessing monthly increments in our operational capacity, further supplemented by approximately 20 gigawatts in various stages of developmental initiatives," he concluded.

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(With PTI inputs)

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Published December 28th, 2023 at 08:25 IST

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