May 27, 2024 / 11:45 IST
The IPO proceeds are intended to be used to fund ongoing and future projects across solar, green hydrogen and green ammonia, the company had said.
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State-run power generation company NTPC has shared a more clearer path to unloc value in its renewable energy business, and informed analysts in a concall that it is likely to list NTPC Green by October-November of this year.
NTPC Unlocking Value
The process of tapping the primary market had been underway, and Moneycontrol had reported last month that investment bankers for the proposed Rs 10,000 crore initial public offering had been shortlisted in April. Earlier, in February, Moneycontrol had cited Mohit Bhargava, CEO of NTPC Green stating that the company was aiming to tap the primary market by FY25. “We are in the process of appointing the merchant bankers and as we see, it’s about an eight to nine-month cycle from where we are today, at least, if we are able to finally hit the market,” Mohit Bhargava told CNBC-TV18 in February 2024.
The IPO proceeds are intended to be used to fund ongoing and future projects across solar, green hydrogen and green ammonia, the company had said. At a projected issue size of Rs 10,000 crore, NTPC Green’s IPO will be the biggest initial share sale by a public sector company since the Rs 21,000 crore IPO of Life Insurance Corp. in May 2022.
Ambitious Orders
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In the concall with analysts after Q4FY24 results, NTPC said it is targeting new thermal orders worth 15.2 GW in the coming years, and has also raised the ordering pipeline for its thermal capacity. NTPC said it now intends to award 10.4 GW worth of orders for thermal power projects in FY25, which is significantly higher than what was earlier being projected.
In terms of commissioning as well, NTPC said it expects commissioning of thermal power projects worth 2.8 GW in FY25, and 1.5 GW for FY26.
Brokerage View
Given NTPC’s 25 percent share in India’s power generation and the country’s plan to add 30–40GW of RE a year, Nuvama argues that the PSU is poised to maintain its market share without requiring external equity.
NTPC Green Energy: Leading the Renewable Energy Revolution in India
As the world shifts towards sustainable energy solutions, NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, stands at the forefront of India’s renewable energy sector. This blog delves into the journey, achievements, and future potential of NTPC Green Energy, showcasing its pivotal role in driving India’s green energy transitio
1. Introduction to NTPC Green Energy
NTPC Green Energy was established as a focused entity under NTPC Limited, India’s largest power utility, with the aim of spearheading the company’s renewable energy initiatives. With a commitment to contribute significantly to India’s renewable energy goals, NGEL is poised to become a major player in the green energy landscape.
2. Strategic Objectives
NTPC Green Energy’s mission is to enhance India’s energy security by diversifying into renewable energy sources. The company aims to achieve a total renewable energy capacity of 60 GW by 2032, contributing to the national target of 500 GW of non-fossil fuel-based power capacity by 2030.
3. Key Projects and Initiatives
NTPC Green Energy has undertaken several landmark projects across the country:
– Solar Power Projects : NGEL has developed numerous solar power projects, including large-scale solar parks in states like Rajasthan, Gujarat, and Maharashtra. These projects are critical in reducing carbon emissions and providing clean energy to millions of households.
– Wind Energy Ventures : Expanding its renewable portfolio, NTPC Green Energy has invested in wind power projects. The company’s wind energy installations, particularly in coastal areas, are helping to harness the country’s vast wind energy potential.
– Hybrid Projects : To ensure a balanced energy supply, NGEL is also focusing on hybrid projects that combine solar and wind energy. These projects aim to maximize energy generation and ensure a stable supply.
– Green Hydrogen : NTPC Green Energy is exploring the potential of green hydrogen as a future energy source. The company has initiated pilot projects to produce green hydrogen using renewable energy, aiming to position itself as a leader in this emerging sector.
4. Environmental Impact and Sustainability
NTPC Green Energy’s initiatives are aligned with global efforts to combat climate change. By reducing dependence on fossil fuels and increasing renewable energy capacity, NGEL is playing a critical role in reducing India’s carbon footprint. The company’s commitment to sustainability is evident in its efforts to preserve ecosystems, promote biodiversity, and contribute to the circular economy.
5. Challenges and Future Prospects
While NTPC Green Energy has made significant strides, it faces challenges such as land acquisition, regulatory approvals, and grid integration. However, with strong government support and a clear strategic vision, NGEL is well-positioned to overcome these challenges.
The future of NTPC Green Energy looks promising. The company is not only focused on expanding its renewable energy portfolio but also on innovation and research in emerging green technologies. As India continues to prioritize sustainable development, NTPC Green Energy will likely play a central role in achieving the country’s renewable energy targets.
6. Conclusion
NTPC Green Energy is a beacon of India’s renewable energy future. Through its strategic initiatives, the company is not only contributing to the nation’s energy security but also paving the way for a sustainable and environmentally friendly future. As NGEL continues to grow, it will undoubtedly remain a key player in India’s transition to green energy.
Call to Action: Stay updated on NTPC Green Energy’s latest projects and developments by following their official channels. Together, we can support and contribute to a greener and more sustainable future.
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This blog provides a comprehensive overview of NTPC Green Energy’s role in India’s renewable energy landscape, emphasizing its strategic importance and future potential.