NTPC Jumps on Plans to Invest $10 Billion in Green Energy

Shares of NTPC jumped nearly 3 per cent to Rs 148 on reports that the company plans to invest $10 billion in building renewable projects.

 

State run power producer NTPC said that it plans to invest $10 billion in building green energy projects in next five years as part of government's plans to provide thrust to clean electricity generation.

 

The company in a statement said that it will add 10,000 MW to its existing capacity of 43,143 MW through solar projects in the next five years.

 

Currently, the company has 110 MW of renewable power projects which generated 100 million units of electricity during the current fiscal, so far.

 

Recently, NTPC signed a term loan agreement of Rs 10,000 crore and Rs 2,000 crore with state-run SBI and Bank of Baroda, respectively, for partially funding its capital expenditure.

 

At 11:40 AM, shares of NTPC were trading higher by 2 per cent at Rs 147 on the Bombay Stock Exchange. 

 

(With PTI inputs)