NTPC plans USD 50 billion capex over 10 years to transform into energy company

NTPC plans USD 50 billion capex over 10 years to transform into energy company/Reuters

VoM News Desk | June 10, 2024 | 07:50 PM IST | Breaking News | Follow on Google News

NTPC plans USD 50 billion capex over 10 years to transform into energy company

NTPC plans USD 50 billion capex over 10 years to transform into energy company

NTPC Ltd, India’s largest power generation company, is set to undertake a substantial capital expenditure plan amounting to $50 billion (approximately ₹4.17 trillion) over the next decade. This ambitious initiative aims to transform NTPC from a conventional power generator into a comprehensive energy company. The annual investment of $5 billion is earmarked for diversifying into clean fuel production and enhancing power generation capacity.

This move aligns with global trends toward cleaner energy sources and underscores NTPC’s commitment to sustainability and innovation in the energy sector….(inputs from Mint)

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