Electricity assets worth ₹15K cr set for monetization

The Union power ministry aims to raise around ₹15,000 crore through asset monetization in FY24, close to the previous year's target of ₹15,308 crore, a person aware of the development said. However, the government could raise only around ₹9,400 crore in FY23.

- Rituraj Baruah

"The ministry is likely to target ₹15,000 crore worth of asset monetization this year. Along with the monetization of transmission and other assets, the listing of NTPC Ltd's renewable energy arm would also be targeted this year," the person said on condition of anonymity.

Last year, the Centre and state-run NTPC planned a private placement of the latter's unit, NTPC Green Energy Ltd, but Malaysia's Petronas Nasional Bhd, the highest bidder, withdrew its $503 million bid for a 20% stake, prompting NTPC to scrap the plan, upsetting monetization plans. Queries sent to a spokesperson for the power ministry remained unanswered.