Eye 60:40 for fossil, green energy by '32'

NTPC arm NTPC Green Energy, with the launch of its initial public offering (IPO), looks to utilise the proceeds for its capital expenditure (capex) needs. GURDEEP SINGH, chairman and managing director of NTPC and NTPC Green, in an interaction with Amritha Pillay in Mumbai, discusses capacity expansion plans, and how the company would balance presence between fossil and green sources of power. Edited excerpts:

- GURDEEP SINGH, chairman and managing director of NTPC and NTPC Green, in an interaction with Amritha Pillay in Mumbai

You mentioned you plan to use the IPO proceeds as capex, and share your plans to increase capacity in the long term?

The plan is to take it to 60 gigawatt (GW) by 2032, for which we would need about ₹3-3.5 trillion. For the current phase of 9 GW, we need close to ₹1 trillion, of which the 20 per cent equity requirement will be met through this IPO. With plants getting commissioned, there is a cash flow of around ₹65-70 lakh per megawatt. So, we will be quite comfortable to commission this 19 GW.