Strategic Move to Meet Growing Demand
State-owned NTPC is gearing up to list its green energy arm within the next 1-2 years, as outlined by its Chairman and Managing Director, Gurdeep Singh. The decision is fueled by an expected surge in demand, with the company projecting a 30-40% increase in capital expenditure (capex) to meet the rising power demands in India.
Anticipated IPO in 1-2 Years
Singh, during a panel discussion at the 10th SBI Banking & Economics Conclave, expressed the company’s strategic vision, stating, “Maybe I think (an IPO) down the line in the next one to two years… as we add capacity and there is a pipeline of growth.” He affirmed that the company is actively exploring the possibility and is committed to pursuing the listing within the stipulated timeframe.
Ensuring Stable Power Supply
Singh assured stakeholders that NTPC is focused on stabilizing power supply according to consumption trends. “As demand goes up again… we will make sure that the power supply is available, and it is affordable as well as reliable power,” he stated, highlighting the company’s commitment to energy security.
Balancing Fossil and Non-Fossil Fuels
Addressing the need for a diversified energy portfolio, Singh emphasized a balanced approach, stating that in the next 5-7 years, NTPC aims to achieve nearly equivalent capacities in both fossil and non-fossil fuels. The company is intensifying efforts in solar and green energy, with a future focus on emerging fuels like green hydrogen chemicals.
Ambitious Capacity Expansion Goals
Singh revealed the company’s ambitious target of adding 60 gigawatts of capacity in the renewable energy sector by 2030. Currently, 3.5 gigawatts are commissioned, 7.5 gigawatts are under construction, and an additional 20 gigawatts are in various stages of developmental activities.
As NTPC strategically positions itself for an IPO, the move reflects its proactive response to India’s growing energy needs and its commitment to sustainable power solutions.
Source：bloombergquint.com
