NTPC Sings Pact with NIIF to Explore Investment Opportunities in India

Published: July 16, 2020

The largest power generation company of India, National Thermal Power Corporation (NTPC) has signed a pact with the National Investment and Infrastructure Fund (NIIF) in order to explore myriads of opportunities for investments in sectors such as renewable energy, power distribution, etc. NIIF acts through the National Investments and Infrastructure Fund Limited in the country.

Highlights of the Agreement

With this MoU, both the parties will collaborate in the areas of mutual interest with the objective of creating a secured and sustainable energy infrastructure in the country. While NTPC will bring on the table the technical expertise, NIIF will be responsible for bringing capital for various projects identified under this partnership.

NTPC has an installed capacity of 62110 MW in the country coming from 70 power stations in various parts of the country. On the other hand, NIIF is engaged in managing $4.3 billion of equity capital commitments across three funds – Master Fund, Fund of Funds and Strategic Opportunities Fund. Each of these funds invests with its own distinctive investment strategies.

National Investment and Infrastructure Fund (NIIF)

It is the first-ever sovereign wealth fund in the country and it is engaged in raising capital for various infrastructure projects in the country. The Government has 49% stake in the fund whereas various marquee foreign and domestic investors such as HDFC Group, Temasek, etc. It invests in Greenfield, Brownfield and also stalled infrastructure projects. But NIIF only invests in projects that are commercially viable. Though it is administered by a professional body, the Finance Minister oversees the activities and decisions taken by the fund, from time to time.

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