NTPC receives 13 bids for minority stake sale in green unit

02 Sep 2022 CW Team

According to a company official, India's NIIF and Abu Dhabi-listed TAQA are also interested in acquiring a stake.

“We have received good response for our EOI. We will now firm up our offer and call bids from these bidders in a month’s time,” the official said.

NTPC is also considering selling stakes in NTPC subsidiaries SAIL Power Company Ltd, North Eastern Electric Power Corp (Neepco), and NVVN, its power trading arm.

NTPC Chairman and Managing Director Gurdeep Singh stated that the company is in the process of identifying strategic investors for NGEL and expects to complete the process in the current fiscal year.

Green energy will be the driving force behind NTPC's non-fossil businesses. The company has pledged to add 60 GW of renewable energy capacity by 2032, for a total capacity of 130 GW. NTPC currently has a portfolio of 2,500 MW green assets and a pipeline of 4,500 MW, 1,500 MW of which is expected to be operational this fiscal year.

Another 5000 MW is getting ready to go out for bid.

The board of NTPC last month approved the transfer of 15 renewable energy assets to NTPC green energy, valued at Rs 1,365 crore as of March 2022, or 1% of NTPC's net worth. The board also disclosed the change of the name of the fully owned subsidiary NTPC Renewable Energy to NTPC Green Energy.

NTPC is also engaged in research into green hydrogen and energy storage. According to Singh, the company and Nuclear Power Corp. of India have started talking about creating a joint venture to build a 1,400 MW greenfield nuclear project in Madhya Pradesh.

The company has stated it won't establish any new coal-based projects, but it is thinking about expanding a few of the current pit head plants.

“Considering the changes happening across the globe, while giving utmost thrust to add renewable capacity, a need has been felt for adding some coal-based capacity as it will provide resilience to the sector for meeting the increasing demand,” he added. “In this direction, we have already finalised the tender for 2X660 MW capacities at Talcher (TTPS) as a replacement project.”

NTPC has received 13 bids from investors including the Canada Pension Plan Investment Board (CPPIB), ArcelorMittal, Malaysia's Pentronas, and Brookfield to select a minority stake in its renewable arm, NTPC Green Energy Ltd (NGEL). NTPC intends to raise Rs. 2,000 crore equity through a private placement, followed by an initial public offering by the green energy arm. According to a company official, India's NIIF and Abu Dhabi-listed TAQA are also interested in acquiring a stake. “We have received good response for our EOI. We will now firm up our offer and call bids from these bidders in a month’s time,” the official said. NTPC is also considering selling stakes in NTPC subsidiaries SAIL Power Company Ltd, North Eastern Electric Power Corp (Neepco), and NVVN, its power trading arm. NTPC Chairman and Managing Director Gurdeep Singh stated that the company is in the process of identifying strategic investors for NGEL and expects to complete the process in the current fiscal year. Green energy will be the driving force behind NTPC's non-fossil businesses. The company has pledged to add 60 GW of renewable energy capacity by 2032, for a total capacity of 130 GW. NTPC currently has a portfolio of 2,500 MW green assets and a pipeline of 4,500 MW, 1,500 MW of which is expected to be operational this fiscal year. Another 5000 MW is getting ready to go out for bid. The board of NTPC last month approved the transfer of 15 renewable energy assets to NTPC green energy, valued at Rs 1,365 crore as of March 2022, or 1% of NTPC's net worth. The board also disclosed the change of the name of the fully owned subsidiary NTPC Renewable Energy to NTPC Green Energy. NTPC is also engaged in research into green hydrogen and energy storage. According to Singh, the company and Nuclear Power Corp. of India have started talking about creating a joint venture to build a 1,400 MW greenfield nuclear project in Madhya Pradesh. The company has stated it won't establish any new coal-based projects, but it is thinking about expanding a few of the current pit head plants. “Considering the changes happening across the globe, while giving utmost thrust to add renewable capacity, a need has been felt for adding some coal-based capacity as it will provide resilience to the sector for meeting the increasing demand,” he added. “In this direction, we have already finalised the tender for 2X660 MW capacities at Talcher (TTPS) as a replacement project.” See also: Bids invited by NTPC for solar projects in CubaNTPC to raise Rs 50 bn via stake sale in green arm

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Infrastructure Transport

31 Oct 2025

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

Infrastructure Urban

31 Oct 2025

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..