NTPC to hive renewable arm and list it soon, plans to add 60 Gw capacity

Firm has not added thermal capacity in the last five years, is evaluating if renewable energy will be enough for demand.

State-owned thermal power behemoth, NTPC Limited would hive off its renewable arm and take it public, as it aims to add 60 Gw of renewable capacity by 2030.

Speaking at the Bloomberg New Energy Finance summit in Delhi, Gurdeep Singh, Chairman & managing director, NTPC Ltd said, "We should not focus on one way of raising funds. We want to soon go to public for raising funds."

NTPC, India's largest power generating company, recently announced that it will set up 60 Gw of renewable energy capacity comprising of solar and wind power by 2032. The target was 30 Gw earlier.