NEW DELHI: NTPC will focus on gigawatts (GW)-scale solar power projects and limit wind and battery storage projects to 10% of the green portfolio, company chairman Gurdeep Singh said on Tuesday, even as the Rs 10,000 crore IPO of its green arm NGEL got subscribed 33% on the opening day.
Unfazed by the market slide following Donald Trump’s election as the next US president, he said the perception of IPO valuation being ‘punchy’ was misplaced. “We had consulted with 100s of stakeholders and investors, who expected a higher price band, which we moderated as per (post-Trump) market conditions.”
“NTPC enjoys special relationship with states, a privilege that helps clear land hurdles, a key concern for solar projects, which few others can claim. We have the experience, operating capacity and project pipeline. There is clarity on all aspects of our roadmap,” he said.
On the focus on large solar projects, he said as a pure power producer building them in solar parks make more sense for us as aggregators set up the pooling station on site. “For projects of 100-200 MW, we would have to wait in queue for connectivity.”
NTPC aims to ramp up renewable capacity to 19 GW by 2027 after nearly doubling the present capacity of 3.5 GW to 6 GW by 2025. 2032. which will make up nearly 45% of its total power generation capacity, and nearly double the present capacity of 3.5 GW to 6 GW by 2025.
Unfazed by the market slide following Donald Trump’s election as the next US president, he said the perception of IPO valuation being ‘punchy’ was misplaced. “We had consulted with 100s of stakeholders and investors, who expected a higher price band, which we moderated as per (post-Trump) market conditions.”
“NTPC enjoys special relationship with states, a privilege that helps clear land hurdles, a key concern for solar projects, which few others can claim. We have the experience, operating capacity and project pipeline. There is clarity on all aspects of our roadmap,” he said.
On the focus on large solar projects, he said as a pure power producer building them in solar parks make more sense for us as aggregators set up the pooling station on site. “For projects of 100-200 MW, we would have to wait in queue for connectivity.”
NTPC aims to ramp up renewable capacity to 19 GW by 2027 after nearly doubling the present capacity of 3.5 GW to 6 GW by 2025. 2032. which will make up nearly 45% of its total power generation capacity, and nearly double the present capacity of 3.5 GW to 6 GW by 2025.
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