On 16th July 2020, NTPC (formerly known as National Thermal Power Corporation Limited) signs the Memorandum of Understanding (MoU) with National Investment and Infrastructure Fund(NIIF), acting through National Investment and Infrastructure Fund Limited(NIIFL) to seek investment opportunities in areas like renewable energy, power distribution and other areas of mutual interest in India.
Sangeeta Kaushik, GM (BD-Domestic), NTPC and Rajiv Dhar, Executive Director and Chief Operating Officer(COO) of NIIFL signed the MoU through a video conference.
Key People:
The MoU was signed in the presence of Gurdeep Singh, Chairman & Managing Director of NTPC, Sujoy Bose, Managing Director and CEO, NIIFL and the directors and senior officials of both the organisations.
Aim of the collaboration:
i.To support India in achieving its vision of building sustainable and robust energy infrastructure in India.
ii.The partnership of NTPC and NIIF will utilise the technical expertise of NTPC and the ability of NIIF to scale up the capital and bring in the best practices around the world with their relationship with leading players in the field.
Power capacity of NTPC:
i.The NTPC group has 70 power stations which includes 24 Coal, 7 combined Gas or Liquid Fuel, 1 Hydro and 13 Renewables along with 25 Subsidiary and Joint venture stations.
ii.The total installed capacity of NTPC is 62110 Mega Watt(MW).
Fund Management of NIIFL:
i.NIIFL is a collaborative platform for investment for the international and national investors harboured by the Government of India.
ii.To generate risk adjusted returns for their investors, NIIFL invests in infrastructure, private equity and other diversified sectors in India.
iii.The NIIFL manages around 4.3billion USD of equity capital across its three funds with unique investment strategies.
iv.The three funds are, Master Fund, Fund of Funds and Strategic Opportunities Fund.
v.The Master Fund of NIIFL is the largest infrastructure in India which invests for the infrastructure sector of transportation and energy.
About NTPC:
Largest power generation company in India.
Chairman & Managing Director(CMD)– Gurdeep Singh
Headquarters– New Delhi
About NIIFL:
Managing Director and CEO– Sujoy Bose
Headquarters– Mumbai, Maharashtra.
Related News:
i.ONGC, NTPC signs MoU to start joint venture for renewable energy business on 21st May 2020 in New Delhi to formalize the agreement.
ii.Ramesh Babu appointed as NTPC director (operations).
