NTPC and NIIF together are to explore opportunities in renewable energy and power distribution

It helps for building sustainable and robust energy infrastructure in the country

• The country’s largest power producer NTPC Ltd has entered into a
  Memorandum of Understanding (MoU) with National Investment and
  Infrastructure Fund (NIIF)
• The MoU is to explore opportunities for investments in areas like renewable
  energy and power distribution among other areas of mutual interest in India
• The aim of the MoU is to explore opportunities for investments in areas like
  renewable energy, power distribution among other areas of mutual interest in
  India

Salient highlights of MoU

• NIIF will be acting through National Investment and Infrastructure Fund Ltd
  (NIIFL) to explore opportunities for investments in areas of mutual interest with
  NTPC, such as renewable energy and power distribution
• The partnership aims to bring together NTPC’s technical expertise and NIIF’s
  ability to raise capital, and bring in global best practices by leveraging existing
  relationships with leading players
• NTPC group has a total installed capacity of 62,110 MW. It targets to have
  nearly 30 GW of its overall power generation capacity from renewable energy
  sources by 2032
• NIIFL manages over $4.3 billion of equity capital commitments across its three
  funds — Master Fund, Fund of Funds and Strategic Opportunities Fund, each
  with its distinct investment strategy
• It is a collaborative investment platform for international and Indian investors,
  anchored by the Central government
• NIIFL invests across asset classes such as infrastructure, private equity and
  other diversified sectors in India, with the objective of generating attractive,
  risk-adjusted returns for its investors
• The NIIF Master Fund is the largest infrastructure fund in the country and
  invests in core infrastructure sectors such as transportation and energy
• NIIFL invests across asset classes such as infrastructure, private equity and
  other diversified sectors in India, with the objective to generate attractive riskadjusted returns for its investors

What is “NTPC Ltd”?

• It is formerly known as National Thermal Power Corporation Limited, is an
  Indian Public Sector Undertaking, engaged in the business of generation of
  electricity and allied activities
• It is a company incorporated under the Companies Act 1956 and is promoted
  by the Government of India
• The headquarters of the company is situated at New Delhi. NTPC’s core
  business is the generation and sale of electricity to state-owned power
  distribution companies and State Electricity Boards in INDIA
• The company also undertakes consultancy and turnkey project contracts that
  involve engineering, project management, construction management, and
  operation and management of power plants
• The company has also ventured into oil and gas exploration and coal mining
  activities
• It is the largest power company in India with an electric power generating
  capacity of 62,086 MW

What is “National Investment and Infrastructure Fund (NIIF)”?

•  It is India’s first infrastructure specific investment fund that was set up by the
  Government of India in February 2015
• The objective behind creating this fund was to maximize economic impact
  mainly through infrastructure investment in commercially viable projects, both
  Greenfield and Brownfield
• NIIF manages three funds: Master Fund, Fund of Funds and Strategic Fund.
  The funds were set up to make infrastructure investments in India by raising
  capital from domestic and international institutional investors

Pic courtesy : affairscloud.com