NTPC is likely to get a strategic investor for its arm NTPC Green Energy Ltd by March 2023, which will help raise up to Rs 30 billion for implementing renewables projects in the country.
"NTPC is in the process of roping in a strategic investor for its subsidiary NTPC Green Energy Ltd. The company wants to raise Rs 20 billion to Rs 30 billion through this transaction, which is likely to be completed during this fiscal year or by March 2023," a source said.
The source told that some pension funds, equity investors and big firms had evinced their interest to invest in NTPC Green Energy Ltd. Thus the process of bringing a strategic investor for the subsidiary is expected during this fiscal year only.
In view of NTPC's plan to have 60 GW capacity through RE (Renewable Energy) sources, constituting nearly 45 percent of its overall power generation capacity by 2032, the company would require over Rs 2500 billion to achieve this ambitious target in next one decade.