NTPC Green Energy is expected to consider and approve raising funds up to a maximum amount of Rs 5,000 crore next week through issuance of bonds in one or more tranches during the financial year 2025-26.
The company is a wholly-owned subsidiary of state-owned power company NTPC for the purpose of undertaking renewable energy projects.
“..The meeting of Board of Directors is scheduled to be held on Tuesday 29th April, 2025, inter alia to consider and approve borrowing (raising of funds) up to a maximum amount of Rs 5,000 crore during the financial year 2025-26, by issuing secured/unsecured, redeemable, taxable/tax free, cumulative, non-cumulative debentures (bonds/NCDs) in one or more tranches,” the company said in an exchange filing.
NTPC Green through its joint venture with ONGC Green, named ONGC NTPC Green, aims to set up battery energy storage projects, offshore and onshore wind projects, and green chemical projects. ONGC NTPC Green (ONGPL) has recently completed acquisition of 100% equity stake in Ayana Renewable Power for Rs 6,248.50 crore.
The company is targeting a 19 GW renewable energy capacity in a phased manner by 2026-27 at an estimated investment of Rs 1 lakh crore, the company has earlier said.
In FY25, NTPC added 660 megawatt (MW) of thermal capacity and 3.3 GW of renewable energy capacity. For the current financial year 2025-26, the company intends to add 3 GW of coal-based capacity, and 5 GW of renewable energy capacity.
NTPC Green, earlier, has also entered into a joint venture (JV) with Mahatma Phule Renewable Energy and Infrastructure Technology to undertake development of renewable energy parks in the country. The JV will develop 10 gigawatt (GW) of renewable energy parks and projects in Maharashtra or in any other state of the country, the company had said.