NTPC enters pact with NIIF to explore biz opportunities in areas like renewable energy
NEW DELHI: Country’s largest power producer NTPC NSE 0.92 % Ltd on Thursday said it entered into a Memorandum of Understanding (MoU) with National Investment and Infrastructure Fund (NIIF) to explore opportunities for investments in areas like renewable energy, power distribution among other areas of mutual interest in India.
The MoU was signed in the presence of NTPC CMD Gurdeep Singh and NIIFL managing director and CEO Sujoy Bose through video conferencing, an official statement said.
The partnership aims to bring together NTPC’s technical expertise and NIIF’s ability to raise capital and bring in global best practices by leveraging its existing relationships with leading players.
