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NTPC recently doubled its renewable energy capacity addition target from 30,000 to 60,000 MW by 2032. It aims for a 50:50 thermal-renewable mix over the next decade. In the present endeavor, the company has about 1500 MW of renewable capacity and about 3,500 MW is under construction.

New Delhi. Betting big on green power, the country's largest power producer NTPC has proposed a mega listing of its renewable energy subsidiary in the next financial year to mobilize resources for large-scale use of clean power. Sources in the government said power producer NTPC will invest around Rs 2 lakh crore to Rs 2.5 lakh crore in Green Power on the expansion of renewable capacity over the next decade. The objective of which is to promote equity support. A large part of it will also come from the market through the public.

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NTPC recently doubled its renewable energy capacity addition target from 30,000 to 60,000 MW by 2032. It aims for a 50:50 thermal-renewable mix over the next decade. In the present endeavor, the company has about 1500 MW of renewable capacity and about 3,500 MW is under construction.

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NTPC will also cut net energy intensity by 10 percent. In this regard, it is planned to add 7,000-8,000 MW of renewable capacity every year.

About Rs 50,000 crore equity is needed for renewable expansion, while the remaining investment will come from debt and bond issues. A major part of the equity would be raised through a market plan to list the renewable subsidiary.

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In October last year, state-owned NTPC incorporated a wholly-owned subsidiary for its renewable energy business by the name of NTPC Renewable Energy Limited

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