NTPC mulls JV with NIIF to set up renewable InvIT; alliance likely for power distribution business too

Public sector utility NTPC is in talks with the government’s strategic investment fund NIIF to set up an infrastructure investment trust (InvIT) as a joint venture. The move will help the company to unlock the value of its renewable energy projects.

The sovereign fund is also expected to be a joint venture partner in the utility’s foray in the power distribution business where NTPC is bidding for the privatisation of union territory discoms.