India’s largest power producer to take its green energy arm public in 2025
![India’s largest power producer to take its green energy arm public in 2025](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/02/solar-panels.jpg)
The top official of India’s biggest power producer, NTPC Ltd said on Tuesday that its renewable energy division is expected to become a public company by March 2025.
The state-run utility also aims to increase its renewable energy capacity by 4 to 5 gigawatts (GW) and its coal-fired power capacity by 3 GW during the same time frame, an anonymous source told Reuters.
During the FY2024/2025 period, NTPC plans to spend 300 billion rupees ($3.61 billion) on capital expenditures.
Of this amount, 220 billion rupees will be obtained through loans and green bonds, according to the official speaking at the India Energy Week conference in Goa.
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