NTPC and its subsidiary, NTPC Green Energy (NGEL), saw an upward trend in their share prices on Tuesday following the announcement of a substantial investment plan in Chhattisgarh’s clean energy sector. NTPC shares recovered from initial losses to gain nearly 0.2 per cent, while NGEL surged by approximately 1.5 per cent during intraday trading.

The company formalised its commitment to renewable energy expansion by signing multiple agreements with the Chhattisgarh government at the Chhattisgarh Energy Investors Summit-2025, held in Raipur. The total investment is estimated at Rs 960 billion, aimed at boosting the state's renewable and hydroelectric capacity.

As part of this initiative, NTPC entered into three major agreements. The first involves a Memorandum of Understanding (MoU) with the Chhattisgarh government for the establishment of a 4,200 MW nuclear power facility, requiring an investment of around Rs 800 billion. This project is expected to enhance the state’s power generation capacity significantly.

Additionally, an MoU was signed between NTPC and Chhattisgarh State Power Generation Company (CSPGCL) to develop a 1,200 MW pumped hydro storage project in Sikaser, Gariyaband district. This project, with an estimated investment of Rs 58.76 billion, is intended to improve energy storage capabilities, supporting grid stability and sustainable power supply.

Further, a Joint Venture Agreement (JVA) between NGEL and CSPGCL outlines plans to establish up to 2 GW of renewable energy projects in the state. The initiative, estimated to cost Rs 100 billion, aligns with the company’s broader strategy to expand its green energy footprint.

These developments reinforce NTPC’s long-term commitment to clean energy investments and underscore Chhattisgarh’s growing role in India’s renewable energy transition.

News source: Money Control