NTPC’s board approved investment in the Darlipali super thermal power project, stage-II (1×800 megawatts). The company will invest ₹11,130.98 crore in the project.
The next project was the Sipat super thermal power project, stage-III (1×800 megawatts) where the company will invest Rs 9,790.87 crore.
NTPC in August started commercial operations of the first part capacity of 160 megawatts out of the 320-megawatt Bhainsara solar photovoltaic project in Jaisalmer, Rajasthan of NTPC Renewable Energy, a unit of the company.
NTPC recently filed draft papers for a RS 10,000 crore IPO for NTPC Green Energy. The IPO will raise funds with no offer for sale (OFS) component. It will use RS 7,500 crore from the fresh cash to repay parts of its debts of NTPC Renewable Energy.
The company had also signed a joint venture agreement with the Nuclear Power Corporation of India (NPCIL) to develop nuclear power projects. The projects involve two pressurised heavy-water reactor (PHWR) for the Chutka Madhya Pradesh atomic power project and the Mahi Banswara Rajasthan atomic power project.