AP Signs Joint Venture with NTPC Green Energy Limited
Trending News
1 month ago

AP Signs Joint Venture with NTPC Green Energy Limited

Deccan Chronicle  

VIJAYAWADA: An agreement was signed on a joint venture between the New and Renewable Energy Development Corporation of Andhra Pradesh and NTPC Green Energy Limited of the state government in the presence of Chief Minister Nara Chandrababu Naidu at the AP Secretariat on Thursday. The Chief Minister said the joint venture is a key milestone that will secure the energy future of Andhra Pradesh and contribute significantly to the country’s overall renewable energy targets. Minister of energy Gottipati Ravi Kumar praised the NREDCAP-NGEL joint venture as a crucial step in securing Andhra Pradesh’s energy future and contributing to national renewable energy goals. Minister of energy Gottipati Ravi Kumar, NTPC/NGEL chairman & managing director Gurdeep Singh, NGEL executive director R. Sarangapani, special chief secretary K. Vijayanand, NREDCAP vice-chairman and managing director and APGenco managing director K.V.N.

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Naidu, Lokesh discuss investments to AP for renewable energy projects
1 week, 2 days ago

Naidu, Lokesh discuss investments to AP for renewable energy projects

Deccan Chronicle  

Vijayawada:Chief Minister N Chandrababu Naidu and Education Minister Nara Lokesh have welcomed investments to Andhra Pradesh for developing renewable energy projects. Delegations from SAEL Ltd and leading financial institutions in renewable energy Norfund, NDBBank and Societe Generale met the two on Saturday and discussed their plans and projects for AP. He stated later, “It was a pleasure to meet representatives …

AP’s Clean Energy Policy attracts Norway, BRICS investors: Gottipati
1 week, 3 days ago

AP’s Clean Energy Policy attracts Norway, BRICS investors: Gottipati

Deccan Chronicle  

Vijayawada: Energy minister Gottipati Ravi Kumar on Friday asserted that the Andhra Pradesh Integrated Clean Energy Policy – 2024, providing a robust regulatory framework for clean energy investments, has gained international attention. He disclosed that delegations from SAEL Solar, a leading Indian renewable energy company operating across 12 states in India, along with marquee investors from Norway and BRICS nations, …

NTPC Green Energy Begins Trading With 3.24 Per Cent Premium On NSE
3 weeks, 5 days ago

NTPC Green Energy Begins Trading With 3.24 Per Cent Premium On NSE

ABP News  

NTPC Green Energy Listing: NTPC Green Energy shares made their stock market debut on Wednesday with a modest premium of over 3 per cent. The renewable energy arm of NTPC listed at Rs 111.50 per share on the National Stock Exchange, marking a 3.24 per cent premium over its initial public offering price of Rs 108 per share. Proceeds and …

NGEL ties up with Andhra agency for development of green energy projects
Trending News
1 month ago

NGEL ties up with Andhra agency for development of green energy projects

Live Mint  

New Delhi: NTPC Green Energy Ltd has signed a joint venture agreement with New & Renewable Energy Development Corporation of Andhra Pradesh Ltd for development of green energy projects. Under the agreement, a joint venture would develop 25 GW of renewable energy projects in the state, along with green hydrogen and pumped storage projects. "NREDCAP and NGEL signed JV agreement …

NTPC in talks to sell green hydrogen to Japan's Toyo Engg, Norway's Getek
Trending News
1 month ago

NTPC in talks to sell green hydrogen to Japan's Toyo Engg, Norway's Getek

Live Mint  

New Delhi: State-run NTPC, which is set to start construction of its green hydrogen hub in Andhra Pradesh by the end of the month, is in talks with possible buyers of the green molecule. NTPC is in talks with Japan's EPC major Toyo Engineering Corp. and Norwegian power supply systems company Getek AS for offtake of the green hydrogen to …

NTPC plans ₹5 trillion capex for green energy push by 2030
1 month ago

NTPC plans ₹5 trillion capex for green energy push by 2030

Live Mint  

New Delhi: India’s biggest power generation utility is eyeing a jump in investments in the green energy space to ₹5 trillion by 2030, according to two people with knowledge of the development. The investments would be made under state-owned NTPC Ltd’s renewable energy arm, NTPC Green Energy Ltd, which is set to launch its ₹10,000 crore initial public offering on …

NTPC Green Energy IPO: 3 reasons why you should subscribe
1 month ago

NTPC Green Energy IPO: 3 reasons why you should subscribe

India Today  

The initial public offering of NTPC Green Energy Limited opened for bidding on Tuesday, aiming to raise Rs 10,000 crore through a fresh issue of 92.59 crore shares. The subscription window for the NTPC Green Energy IPO will close on November 22, 2024 and the price band is set between Rs 102 and Rs 108 per share. STRONG BUSINESS FOUNDATION …

JV of green arms of India’s NTPC-ONGC is highest bidder for Ayana Renewable at $650 million, sources say
1 month, 1 week ago

JV of green arms of India’s NTPC-ONGC is highest bidder for Ayana Renewable at $650 million, sources say

Live Mint  

By Sarita Chaganti Singh NEW DELHI -A joint venture between India's NTPC Green Energy and ONGC Green Energy is the highest bidder for Ayana Renewable Power having bid about $650 million, two people involved in the deal told Reuters. "After due diligence, NTPC Green Energy and ONGC Green Energy have jointly decided to acquire 100% stake of Ayana Renewable Power …

NTPC Green Energy's ₹10,000 crore IPO: Date, details, projects, things to know
1 month, 1 week ago

NTPC Green Energy's ₹10,000 crore IPO: Date, details, projects, things to know

Hindustan Times  

The ₹10,000-crore initial public offering of NTPC Green Energy Limited will open up for subscription on November 19, 2024, with a price band of ₹102-108 per share. The company will use ₹ 7,500 crore from the IPO proceeds to repay debts of subsidiary NTPC Renewable Energy and the remaining for general corporate purposes Important details of the NTPC Green Energy …

NTPC Green Energy IPO targets $12 billion valuation in one of India’s biggest renewable listings
1 month, 1 week ago

NTPC Green Energy IPO targets $12 billion valuation in one of India’s biggest renewable listings

Live Mint  

NTPC Green Energy Limited is considering seeking a valuation of nearly $12 billion for its upcoming initial public offerings, potentially making it one of the biggest IPOs in the renewable energy industry, news agency Bloomberg reported on Tuesday, November 12, citing people aware of the development. The renewable energy company may raise up to ₹100 billion or ₹10,000 crore via …

ONGC-NTPC combine wins exclusivity to close $800 million Ayana stake sale
1 month, 2 weeks ago

ONGC-NTPC combine wins exclusivity to close $800 million Ayana stake sale

Live Mint  

NEW DELHI : State-run Oil and Natural Gas Corp. Ltd and NTPC Ltd have been given exclusive rights to acquire a majority stake in National Investment and Infrastructure Fund Ltd -backed Ayana Renewable Power Pvt. To boost their new and renewable energy play, NTPC and ONGC have announced a joint venture company through their green energy subsidiaries—NTPC Green Energy Ltd …

NTPC Green, Mahapreit in JV to develop 10 GW green capacity
2 months, 3 weeks ago

NTPC Green, Mahapreit in JV to develop 10 GW green capacity

Live Mint  

NTPC Green Energy Ltd, which is preparing for a public listing, has entered into a joint venture with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd to develop renewable energy parks and projects with a cumulative capacity of 10 GW across Maharashtra and other states. "The JV company will undertake development of 10 GW of renewable energy parks and projects …

Chandrababu Naidu outlines Andhra Pradesh’s energy goals at investors’ conclave in Gujarat
3 months, 1 week ago

Chandrababu Naidu outlines Andhra Pradesh’s energy goals at investors’ conclave in Gujarat

The Hindu  

Andhra Pradesh Chief Minister N. Chandrababu Naidu, addressing the 4th Global Renewable Energy Investors Meet & Expo at Gandhinagar on Monday, said his government has lined up a slew of incentives for the entire spectrum of Renewable Energy companies under the A.P. Outlining salient features of the ICEP, Mr. Naidu said the State government’s target is to generate 78.50 Gigawatts …

CM Naidu Seeks to Attract Green Investments at Global Meet
3 months, 1 week ago

CM Naidu Seeks to Attract Green Investments at Global Meet

Deccan Chronicle  

Vijayawada: Chief Minister Nara Chandrababu Naidu will highlight Andhra Pradesh's green energy commitments at the 4th Global Renewable Energy Investor’s Meet, which is to be conducted by the Ministry of New and Renewable Energy from September 16 to 18 in Gandhinagar, Gujarat. The Chief Minister is optimistic about attracting significant investments in the green power sector, leveraging the state's substantial …

Odisha CM Lays Foundation Stone for Avaada Group’s Green Hydrogen Project
10 months, 1 week ago

Odisha CM Lays Foundation Stone for Avaada Group’s Green Hydrogen Project

Deccan Chronicle  

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Wednesday laid foundation stone for Avaada Group’s green hydrogen project at Gopalpur in Ganjam district. This mega clean energy project entailing an investment of Rs 8,000 crore aligns with India’s aspiration to be a global green hydrogen manufacturing hub. Located near Gopalpur deep-sea port, Avaada’s cutting-edge green ammonia storage facility will enable exporting …

NTPC Green Energy to invest ₹80,000 cr for Maharashtra projects
10 months, 3 weeks ago

NTPC Green Energy to invest ₹80,000 cr for Maharashtra projects

Live Mint  

State-run NTPC Green Energy Ltd. announced on Tuesday that it has signed an agreement with the government of Maharashtra for the development of green hydrogen and its derivatives such as green ammonia and green methanol of up to 1 million tonne capacity per annum. As per the statement, the agreement also includes the creation of pumped storage projects of 2 …

AP Attracts Rs 9.57L Crore Investments in Energy Sector in 2023
11 months, 3 weeks ago

AP Attracts Rs 9.57L Crore Investments in Energy Sector in 2023

Deccan Chronicle  

Vijayawada: Developmental Progress of Andhra Pradesh Power Sector touched peak in 2023 as state has attracted investments in energy sector worth Rs 9.57 lakh crore during the AP Global Investor Summit 2023 held in Visakhapatnam and among the MoUs signed, investment proposals worth Rs 52,015 crore were already grounded. He explained that in investments in the green energy sector, AP …

NTPC Green Energy, UPRVUNL tie up to develop renewable energy parks in Uttar Pradesh
1 year, 6 months ago

NTPC Green Energy, UPRVUNL tie up to develop renewable energy parks in Uttar Pradesh

Live Mint  

New Delhi: NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, has entered into a partnership with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited to develop renewable energy parks in Uttar Pradesh. ‘’NGEL and UPRVUNL shall jointly work for formation of Joint Venture Company to meet the renewable generation obligation, flexibility in generation and scheduling of thermal/hydro power stations through …

NGEL, HMEL join hands to explore opportunities in generation of GH
1 year, 7 months ago

NGEL, HMEL join hands to explore opportunities in generation of GH

Live Mint  

New Delhi: In a groundbreaking move towards revolutionizing India’s energy landscape and driving the nation’s ambitious green energy and green hydrogen objectives, NTPC Green Energy Limited and HPCL Mittal Energy Limited have forged a powerful partnership through the signing of a Memorandum of Understanding on Friday. “The MoU envisages to collaborate in the field of renewable energy through sourcing of …

AP energy sector to create 1.8 lakh job opportunities: Peddireddi Ramachandra Reddy
1 year, 9 months ago

AP energy sector to create 1.8 lakh job opportunities: Peddireddi Ramachandra Reddy

Deccan Chronicle  

Vijayawada: Energy Minister Peddireddi Ramachandra Reddy has said Andhra Pradesh is rapidly establishing itself as a leader in renewable energy. Last year, chief minister Jagan Reddy laid the foundation for the integrated renewable energy storage project in Kurnool,” he noted. The minister said the future of the green energy sector in AP looked bright with the state government’s commitment to …

Energy sector attracts maximum investments at Global Investors Summit in Vizag of Andhra Pradesh
1 year, 9 months ago

Energy sector attracts maximum investments at Global Investors Summit in Vizag of Andhra Pradesh

The Hindu  

The commitment of investments totalling ₹9.57 lakh crore in the energy sector during the Global Investors Summit held in Visakhapatnam will help Andhra Pradesh achieve its objective of improving the power supply to global standards. It enables Andhra Pradesh to consolidate its leadership in the renewable energy sector, according to an official release, which said 42 MoUs with a potential …

NTPC to sell stake in green energy business: Report
2 years ago

NTPC to sell stake in green energy business: Report

Live Mint  

India's largest power producer NTPC Ltd aims to sell a 20% stake in its green energy business this fiscal year, expecting to raise up to 30 billion Indian rupees, three government sources said. The deal marks the first green transaction by an Indian state company, which has drawn interest from investors, such as Canada Pension Plan Investment Board, Malaysia's Petronas …

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