+
15 renewable energy assets transferred by NTPC to NGEL for Rs 100 bn
POWER & RENEWABLE ENERGY

15 renewable energy assets transferred by NTPC to NGEL for Rs 100 bn

The world’s largest power company NTPC said that it has successfully transferred 15 renewable energy assets to NTPC Green Energy Limited (NGEL) for an amount of Rs 100 billion. Also, a regulatory filing states that the business sold NGEL its whole ownership in NTPC Renewable Energy for Rs 7.31 billion. According to NTPC, a business transfer agreement signed on July 8, 2022, has successfully transferred 15 renewable energy assets to NGEL, a wholly-owned subsidiary. Rs 100 billion in total was the compensation for the transfer of the 15 assets, it continued. Under a share purchase agreement, the business also completed the transfer of all equity shares in NTPC Renewable Energy to NGEL.

NTPC is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. Since then it has established itself as the dominant power major with presence in the entire value chain of the power generation business. From fossil fuels it has forayed into generating electricity via hydro, nuclear and renewable energy sources. This foray will play a major role in lowering its carbon footprint by reducing green house gas emissions. To strengthen its core business, the corporation has diversified into the fields of consultancy, power trading, training of power professionals, rural electrification, ash utilisation and coal mining as well.

The world’s largest power company NTPC said that it has successfully transferred 15 renewable energy assets to NTPC Green Energy Limited (NGEL) for an amount of Rs 100 billion. Also, a regulatory filing states that the business sold NGEL its whole ownership in NTPC Renewable Energy for Rs 7.31 billion. According to NTPC, a business transfer agreement signed on July 8, 2022, has successfully transferred 15 renewable energy assets to NGEL, a wholly-owned subsidiary. Rs 100 billion in total was the compensation for the transfer of the 15 assets, it continued. Under a share purchase agreement, the business also completed the transfer of all equity shares in NTPC Renewable Energy to NGEL. NTPC is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. Since then it has established itself as the dominant power major with presence in the entire value chain of the power generation business. From fossil fuels it has forayed into generating electricity via hydro, nuclear and renewable energy sources. This foray will play a major role in lowering its carbon footprint by reducing green house gas emissions. To strengthen its core business, the corporation has diversified into the fields of consultancy, power trading, training of power professionals, rural electrification, ash utilisation and coal mining as well.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code