Business · Energy & Commodities · 14 hrs ago

NTPC invites industrial firms to take 26% stakes in co-generation projects

NTPC invites industrial firms to take 26% stakes in co-generation projects

NTPC, India’s largest integrated power utility, has invited commercial and industrial firms to express interest in taking a 26% stake in co-generation projects.

Co-generation produces steam and electricity together for industrial use.

The proposed projects could combine coal, renewable energy and battery storage to supply power.

NTPC says the plan is intended to meet industries’ needs for reliable, economical and sustainable energy through long-term supply arrangements.

The company says industrial users are increasingly focused on energy security, costs and sustainability.

It has not stated which projects will be developed or named any participating firms.

The next step is for interested firms to respond to NTPC’s invitation.

Sources

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