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NTPC plans ₹5 tn renewable energy spending by 2030
Mint Mumbai
|November 19, 2024
The investments would be made under NTPC Green Energy, which will launch its ₹10,000 crore IPO today
India's biggest power generation utility is eyeing a jump in investments in the green energy space to 5 trillion by 2030, according to two people with knowledge of the development. The earlier plan was to invest about 1 trillion by FY27.
The investments would be made under state-owned NTPC Ltd's renewable energy arm, NTPC Green Energy Ltd (NGEL), which is set to launch its 10,000 crore initial public offering (IPO) today.
The monies would go toward building capacities in renewable power generation (solar and wind), green hydrogen, green ammonia, green methanol, ethanol, sustainable aviation fuel, green urea and energy storage capacities, including both battery storage and pump storage projects (PSPs).
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