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Ntpc Plan News: State-owned NTPC plans to list its green energy unit in a year or two. The Chairman and Managing Director (CMD) of the company Gurdeep Singh has given this information. He said the company expects more demand in the future. The company expects a 30-40 percent increase in capital expenditure to meet rising power demand.
What the Chairman said: Asked about listing the company’s green energy unit, Gurdeep Singh said: “Maybe I think (the IPO) will come in the next one to two years.” We are definitely looking ahead and that is our thought process… I think in about a year or two we will go for an IPO.
Gurdeep Singh said NTPC is stabilizing electricity demand as per consumption. I can assure that as demand picks up again… we will ensure that power supply is available, and that it is affordable as well as reliable power. He said coal-fired plants are not a problem, but consumption needs to be controlled while focusing on solar and hydrogen-based power.
How much is the capex: He said that in the next 5-7 years the unit should have almost equal capacity of fossil and non-fossil fuel. Singh said – As far as capex is concerned, it is around Rs. 25,000 crore range and is set to increase by at least 30 to 40 percent going forward. Singh said the company aims to add 60 GW of capacity in the renewable sector by 2030 and expressed confidence that it could be achieved even earlier.
Meanwhile, on Wednesday, the third day of the week, NTPC shares traded at Rs. closed at 305.95. The stock closed down 1.21% from a day earlier.