NTPC will enter into renewable power generation through a JV with Asian Development Bank, GE Energy Financial Services, Kysushu Electric Power Co. (Japan) and Brookfield Renewable Power (US). NTPC will hold 40% stake in the JV, while the rest will be equally shared by other partners. The JV will concentrate on wind power, mini and micro hydro-electric power.
The JV will set up greenfield capacity and develop under-utilized projects to meet NTPC's target of 500 MW of renewable power capacity in the next three years. While the initial projects will be in India, the JV will also look overseas to become a major investor and facilitator of renewable energy with a regional and global outlook.
The JV will set up greenfield capacity and develop under-utilized projects to meet NTPC's target of 500 MW of renewable power capacity in the next three years. While the initial projects will be in India, the JV will also look overseas to become a major investor and facilitator of renewable energy with a regional and global outlook.
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