State-run NTPC is planning to float the initial public offering (IPO) of its recently-formed renewable energy subsidiary in \u201cone-and-a-half to two years\u201d, a senior company executive said. The company is considering to spin off the subsidiary, which will raise funds to execute a plan to create 60 giga-watt (GW) green capacity, double the level planned earlier, by 2032.<\/p>\n
NTPC, earlier known as National Thermal Power Corporation, had predominantly been a coal-based player, but in recent years, it forayed into other areas, including solar and wind energy. In October 2020, it had incorporated a wholly-owned subsidiary NTPC Renewable Energy to focus on its green energy business. The company will likely infuse about 15-20% equity into the renewable energy projects, while the rest of the projects will be financed through debt, the person stated, adding that, \u201cleft to us, NTPC\u2019s stake can even be below 50% in the subsidiary, but it is ultimately the government\u2019s call\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"
State-run NTPC is planning to float the initial public offering (IPO) of its recently-formed renewable energy subsidiary in \u201cone-and-a-half to two years\u201d, a senior company executive said. The company is considering to spin off the subsidiary, which will raise funds to execute a plan to create 60 giga-watt (GW) green capacity, double the level planned earlier, by 2032. NTPC, earlier known as National Thermal Power Corporation, had predominantly been a coal-based player, but in recent years, it forayed into other areas, including solar and wind energy. In October 2020, it had incorporated a wholly-owned subsidiary NTPC Renewable Energy to focus […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-424078","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=424078"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424078\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=424078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=424078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=424078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}