NTPC will get nod to arrange renewable power biz arm

New Delhi, August 21

Power big NTPC on Friday mentioned it has acquired the approval of Niti Aayog and Department of Investment and Public Asset Management (DIPAM) to arrange a wholly-owned firm for its renewable power enterprise.

Now, NTPC will transfer to type a subsidiary agency for renewable power enterprise, because it has requisite approvals for the aim.

“…concurrence had been obtained from NITI Aayog and DIPAM, Ministry of Finance for formation of a wholly-owned subsidiary for NTPC Renewable Energy Business,” the ability big mentioned in a BSE submitting.

The wholly-owned subsidiary will likely be integrated below the provisions of the Companies Act, 2013, it added. — PTI

Targets 10 GW energy by 2022

NTPC is planning to have 10GW of photo voltaic power by 2022, which entails an funding of round Rs50,000 crore

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