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The largest power producer in India, NTPC Ltd., anticipates its green energy subsidiary to become a public entity in the fiscal year concluding in March 2025, a senior executive stated on Tuesday, according to Reuters.
The state-owned utility has plans to expand its capacity by incorporating an additional 4 to 5 gigawatts (GW) of renewable energy and 3 GW of coal-fired power within the same timeframe.
The official, who wished to remain anonymous, stated at the India Energy Week conference in Goa that NTPC was projected to have capital expenditures of 300 billion rupees ($3.61 billion) in FY2024/2025.
They plan to finance 220 billion rupees of this amount through loans and green bonds.
