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 Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..