NTPC to partner with NIIF and ONGC to develop renewable assets

08 Sep 2021 CW Team

National Thermal Power Corporation (NTPC) plans a partnership with the National Investment and Infrastructure Fund (NIIF) and Oil and Natural Gas Corporation (ONGC) for the acquisition and development of green energy assets such as offshore wind projects.

The plan was held in a letter by the chairman of NTPC, Gurdeep Singh, in an annual report of FY21. He said that efforts are being put in the partnership with NIIF and ONGC for exploring and developing renewable assets, including offshore wind projects.

The Ministry of New and Renewable Energy (MNRE) has set a target of adding 30 GW offshore wind projects by 2030, which is beneficial for NTPC. India has decided to lower offshore energy tariffs by harnessing wind power along its 7,600 km coastline. NTPC is listing its clean energy units NTPC Renewable Energy (NTPC REL) and NTPC Vidyut Vyapar Nigam (NVVN). It aims to set 60 GW capacity by 2032 from its existing 4.7 GW capacity. It aims to invest Rs 1 trillion between 2019 to 2024 and become a 130 GW power producer by 2032.

Singh said that NTPC won a 1,560 MW renewable bid in FY20-21 and 325 MW in FY21-22. The company won solar capacity in the Gujarat Urja Vikas Nigam Ltd (GUVNL) with the lowest tariff of Rs 1.99 per kWh, setting a new benchmark in the renewable industry. In FY21, NTPC recorded a net profit of $1.85 billion. The company also aims for a 10% reduction in its net energy intensity. It has installed nearly 67 GW capacity across 70 power projects and 18 GW power projects under construction.

As per the letter, the company has 1.5 GW operational renewable capacity, 3 GW capacity are under development, and 5 GW capacity have been issued tender. Under the developer mode, 4.7 GW capacity is operational, and 790 MW is under construction.

Image Source

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..