NIIF’s $4.3bn funds to support new projects
More and more investment opportunities are being explored in line with India’s ambitious renewable energy plan with the public sector power group, NTPC Ltd, which has signed a Memorandum of Understanding (MoU) with National Investment and Infrastructure Fund (NIIF), acting through National Investment and Infrastructure Fund Limited (NIIFL).
The NTPC and NIIF MoU is power-packed with project expertise and financing capabilities.
NIIF manages over US$4.3 billion of equity capital commitments across its three funds – Master Fund, Fund of Funds and Strategic Opportunities Fund, each with its distinct investment strategy.
NTPC targets to have nearly 30 GW of its overall power generation capacity from renewable energy sources by 2032.
With a total installed capacity of 62,110 MW, NTPC Group has 70 Power stations comprising of 24 Coal, seven combined cycle Gas/Liquid Fuel, one Hydro, 13 Renewables along with 25 Subsidiary and JV Power Stations.
NTPC and NIIF aim to collaborate to further help India’s vision of building sustainable and robust energy infrastructure in the country.
“This partnership aims to bring together NTPC’s technical expertise and NIIF’s ability to raise capital and bring in global best practices by leveraging its existing relationships with leading players,” the Power Ministry said on 16 July 2020.
NIIFL is a collaborative investment platform for international and Indian investors, anchored by the Government. NIIFL invests across asset classes such as infrastructure, private equity and other diversified sectors in India, with the objective to generate attractive risk-adjusted returns for its investors.
The NIIF Master Fund is the largest infrastructure fund in the country and invests in core infrastructure sectors such as transportation and energy.
The MoU was signed through video conferencing between Sangeeta Kaushik, GM (BD-Domestic), NTPC and Rajiv Dhar, Executive Director& Chief Operating Officer, NIIFL. #renewables #solar #wind #water #biofuel #OPEC #IEA #IEF #electricity #petroleum #gas /fiinews.com
