- 11 Mar 2025
- ICICIdirect Research
NTPC, ALONG WITH SUBSIDIARY NTPC GREEN ENERGY (NGEL) HAS SIGNED MULTIPLE AGREEMENTS WORTH ₹96000 CRORE
NTPC - 344 Change: 3.00 (0.88 %)News: NTPC, along with subsidiary NTPC Green Energy (NGEL) has signed multiple agreements worth ₹96000 crore with the government of Chhattisgarh and Chhattisgarh State Power Generation Company Limited (CSPGCL). The first agreement is for ₹80,000 crore investment towards setting up 4200 MW nuclear capacity. The second agreement is for setting up 1200 MW Pump storage project at an investment of ₹5876 crore. And thirdly a JV agreement between NGEL and CSPGCL ₹10,000 crore investment for development of 2 GW renewable energy projects.
View: This will accelerate NTPC's energy transition journey to include clean energy generating plants in the portfolio. It aims to reach 60 GW of renewable energy capacity by FY32 with a short term target of 20 GW by FY27.
Impact: Positive