NTPC Renewable Energy

Some analysts flagged concerns over NTPC Green's valuation, including on a price-to-earnings (PE) basis

NTPC Green's IPO would follow the successful listing of Waaree Energies Ltd., which raised $514 million last month and was subscribed more than 70 times

NTPC has filed for an IPO of its green energy arm, NTPC Green Energy Ltd, with an aim to raise approximately $1.2 billion (Rs 10,000 crore).

ICICI Securities stressed upon NTPC's position in the increasing total addressable market for power capex, benefiting from both conventional and renewables sectors

State-owned power giant NTPC arm NTPC Green Energy Ltd (NGEL) on Friday said it has signed an initial pact with Indus Towers Ltd to address the need for pacing green energy objectives and the GoI's efforts towards carbon neutral economy. The MoU (Memorandum of Understanding) shall explore joint development of grid-connected renewable energy-based power projects including solar, wind, energy storage etc. and/or solutions thereof, a company statement said. Indus Towers Ltd (ITL) aims to expand its renewable energy portfolio in a phased manner to Giga Watt (GW) scale capacity, for its business operations spread across the country, as a part of its net zero commitments. The MoU was signed by Soumya Kanti Chowdhuri, Chief General Manager, NGEL and Vikas Poddar, Chief Financial Officer (CFO), ITL in the presence of other senior officials from NTPC and ITL on Thursday. NTPC is India's largest power utility with the core business of power generation having a total installed capacity of 76

State-run power giant NTPC and its arm NTPC Green Energy signed two separate initial pacts to explore the possibility of developing supercritical thermal plants and renewables as well as green hydrogen in Rajasthan. The MoU between NTPC and Rajasthan Rajya Vidyut Utpadan Nigam was signed to explore opportunities for adding supercritical units to the existing Chhabra Thermal Power Plant, a company statement said. Additionally, the Parties aim to implement measures to enhance efficiency and reduce the generation cost of the plant's existing units. Furthermore, the MoU also includes the undertaking of 15 to 20-year annuity-based Renovation and Modernization (R&M) of old thermal units of RVUNL by NTPC or its affiliates. The MoU between NGEL ( NTPC Green Energy) and RVUNL was signed for development of Renewable Energy Projects and Green Hydrogen Derivatives up to 25 GW and 1 million Ton capacities respectively in the State of Rajasthan.

NTPC Green Energy Ltd (NGEL) on Tuesday said it has signed an MoU with the Maharashtra government to develop green hydrogen projects and its derivatives in Maharashtra. The memorandum of understanding (MoU) has been signed as a part of Green Investment Plan of the state government in the next five years and envisages a potential investment of Rs 80,000 crore, NGEL said in a statement. "NGEL has signed an MoU with Government of Maharashtra for development of green hydrogen and derivatives (green ammonia, green methanol) of up to 1 million tonne capacity per annum, including pump hydro projects of 2 GW and development of RE projects with or without storage up to 5 GW in the state," it said. The MoU was exchanged between Mohit Bhargava, Chief Executive Officer, NGEL and Narayan Karad, Deputy Secretary (Energy), Maharashtra government in the presence of state chief minister, deputy CM and other senior officials in Mumbai on Monday, the company said. NGEL is a wholly-owned subsidiary of

NTPC Renewable Energy Ltd on Tuesday emerged as the successful bidder for an 80-megawatt floating solar project at Khandwa in Madhya Pradesh. The energy generated from the project will be supplied to Madhya Pradesh discoms, NTPC said in a statement. NTPC Renewable Energy is a subsidiary of power producer NTPC. "The bidding was conducted on August 8, 2023, by Rewa Ultra Mega Solar Limited, a joint venture of Solar Energy Corporation of India and MP Urja Vikas Nigam Ltd. The discovered tariff is Rs 3.80/kWh," it said. NTPC Group has 3.3 GW renewable energy (RE) operational capacity, while another 20 GW RE capacity is in the pipeline, including 4 GW energy storage system and the country's first green hydrogen-based piped natural gas blending project. NTPC aims to achieve 60 GW of RE capacity by 2032.

NTPC on Monday said wholly-owned NTPC REL has received a letter of award (LoA) for a 550 megawatt (MW) solar project. The project is to be executed within a period of 18 months and will require a capital investment of Rs 2,800 crore, NTPC said in a statement. "NTPC Renewable Energy Limited (NTPC REL) received the Letter of Award for 550 MW Solar Project at a tariff of Rs 2.56/kWh. The power will be utilised under a Government of India's scheme for flexibility in generation and scheduling of thermal power stations through bundling with RE capacity," it added. The statement did not provide further details of the project. With the allotment of this 550 MW capacity, NTPC REL will have to execute more than 2 GW RE capacity to fulfil the capacity won in TBCB (tariff-based competitive bidding) mode in Q1 2023 alone. As of date, NTPC Group has a 3.3 GW renewable energy (RE) operational capacity.

Target that we have set is 60 gigawatts (Gw) of renewables by 2032. The broader objective is that our renewables should be as large as or close to our coal-based portfolio by 2050 - Bhargava

The nation is accelerating project installations to hit a goal to have 500 gigawatts of clean energy generation capacity in 2030

Tata Power Delhi Distribution has inked a pact with NTPC Vidyut Vyapar Nigam to get 200MW hydro power supply for meeting its projected peak demand for the next five years during the summer months, from May to September. Tata Power Delhi Distribution Ltd (Tata Power DDL) supplies electricity to over seven million populace in North Delhi. Tata Power DDL signed its first medium-term Hydro PPA for 200MW with NTPC Vidyut Vyapar Nigam Ltd, to meet the projected peak demand, a company statement said. Corresponding to the agreement, the NVVNL will supply power to Tata Power-DDL for the next five years during the summer months (May to September), beginning from 1st May, 2023, it stated. The collaboration will help Tata Power-DDL expand its green portfolio. The discom envisioned various policy decisions emphasizing increasing reliance on non-fossil resources and reaffirming its commitment to making a greener planet. Further, considering the prevailing summer period, Tata Power-DDL has made

State-owned power giant NTPC on Sunday said its captive coal mines have registered 65 per cent year-on-year production growth to over 23 million tonnes in FY23. NTPC Ltd has recorded a coal production of 23.2 million tonnes in FY23, witnessing a 65 per cent growth against 14.02 million tonnes a year ago from its four operational coal mines -- TPC Pakri-Barwadih (Jharkhand), NTPC Chatti Bariatu (Jharkhand), NTPC Dulanga (Odisha) and NTPC Talaipalli (Chhattisgarh), a company statement said. NTPC has also achieved the highest-ever annual overburden removal of 73.0 million cubic metres, representing 129 per cent growth compared to 31.9 million cubic metres of overburden removal in the previous fiscal. The achievement demonstrates NTPC's commitment to increasing its domestic coal production to meet the growing demand for power in the country, the statement said. NTPC management lauded the role of the power ministry, coal ministry and state governments, among others, for their support to

The government is in the process of identifying mineral blocks like nickel in the sea and would gradually put them on sale, mines secretary Vivek Bharadwaj said on Friday. The mines ministry is amending the Offshore Areas Mineral (Development and Regulation) Act, 2002 and has sought the stakeholders' views on the same. "Because the critical minerals are becoming even more critical, there is this thought that why are we not mining in the oceans...Unfortunately we have not been able to mine the oceans. Now we are amending the Act. It is in public domain, open for comments for the industry, the stakeholders," the mines secretary said during Metal & Metallurgy Expo-2023 organised by CII. The ministry, he said, is in the process of identifying these blocks in the sea and as there are no stakes in there, the auction will be done by the government of India. "That will also be a huge opportunity for industry, a totally new area of operations," he explained. Critical minerals such as ...

State-owned power giant 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 3,000 crore 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 2,000 crore to Rs 3,000 crore 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 per cent of its overall power generation capacity by 2032, the company would require over Rs 2.5 lakh crore to achieve this ambitious target in next one ..

The NTPC REL facility in Kutch produce electricity to support 8 million people

State-run power giant NTPC has inked a pact to supply electricity generated from renewable sources to Military Engineering Services. This is the first ever agreement by the Indian armed forces for getting power supply from renewable energy sources, NTPC said in a statement. This will go towards the gradual decarbonization of the armed forces. Power Purchase Agreement for RE power from the NTPC Solapur and Power Uses Agreement for RE power from upcoming NTPC Khavda, was signed to this effect at Chandigarh by A K Srivastava, General Manager (Commercial), NTPC, Sunit Kumar, AGM (Commercial), NTPC REL and Maj Gen Ashok Kumar, DGW, the statement said.

The Canada Pension Plan Investment Board (CPPIB), Malaysian state-run Petronas and Arcelormittal SA are among the 13 bidders for a minority stake in the green energy unit of India's NTPC Ltd

Plans to list NREL next FY, hold global roadshows for strategic investors

The deal is at a competitive rate with a tenure of 15 years, for its 470 Mw solar projects in Rajasthan and 200 Mw in Gujarat