The Indian Railway Finance Corporation (IRFC) has recently clinched the title of the lowest bidder for a significant term loan aimed at supporting the National Thermal Power Corporation (NTPC). This ₹5,000 crore loan is set to fuel ongoing initiatives and forthcoming projects, particularly those centered around renovation, modernization, and renewable energy ventures.

Loan Details and Next Steps

In a recent announcement, IRFC indicated that while the proposal is promising, it still requires comprehensive due diligence and the green light from NTPC’s Board of Directors. Notably, the agreement between these two entities was formalized earlier on March 25.

NTPC Green’s Ambitious Fundraising

On April 24, NTPC Green, NTPC’s dedicated subsidiary for renewable energy, revealed plans to raise ₹5,000 crore through bond issuance. This financing will bolster NTPC’s renewable energy initiatives, showcasing the company’s commitment to sustainability.

Strategic Partnerships for Renewable Projects

NTPC Green has joined forces with the Oil and Natural Gas Corporation of India (ONGC) to develop innovative wind energy projects, both onshore and offshore, as well as to establish battery energy storage solutions. This collaboration also extends to investments in green chemical projects, emphasizing a holistic approach to renewable energy.

• Acquisition of Ayana Renewable Power: The ONGC-NTPC Green alliance has successfully acquired Ayana Renewable Power, enhancing its renewable output capabilities. The acquisition cost totaled ₹6,248.50 crore.

• Investment Plans: NTPC aims to invest a staggering ₹1 lakh crore by the year 2026-27 to expand its renewable energy capacity. They are targeting a robust 19 GW of operational capacity by 2027.

Recent Achievements in Renewable Energy

In the fiscal year 2025, NTPC made significant strides in renewable energy, adding 3.3 GW of capacity. Alongside this, the corporation also expanded its thermal power capabilities by 660 MW during the same timeframe.

With these initiatives, NTPC is poised to play a pivotal role in India’s transition to sustainable energy, underscoring its commitment to innovation and environmental responsibility.