NTPC plans to rope in strategic investor for its clean energy arm NREL
State-run power giant NTPC NSE 1.34 % plans to rope in a strategic investor for its clean energy arm NTPC Renewable Energy (NREL) ahead of its listing on bourses in October 2022, according to a senior official. The listing of NREL is part of the state-run power giant’s overall Rs 15,000-crore divestment plan in next three years. The divestment plan also includes listing of North Eastern Electric Power Corporation (NEEPCdO) and NTPC Vidyut Vyapar Nigam (NVVNL) by March 2024.
The plan also includes sale of its stake in NTPC-SAIL Power Company (NSPCL).
“NTPC has planned to bring a strategic investor for NREL which is expected to be listed sometime in October 2022. The strategic investor would be roped in before the listing of NREL on bourses,” a senior official told PTI.
