NTPC to invest INR 96,000 crore in Chhattisgarh

NTPC Limited (BSE:NTPC), along with NTPC Green Energy Ltd (NGEL), has signed multiple agreements with the Government of Chhattisgarh to invest Rs 96,000 crore in the state's energy sector. A key MOU outlines plans to establish a 4200 MW Nuclear Capacity with an estimated investment of Rs 80,000 crore. Additionally, Chhattisgarh State Power Generation Company Limited (CSPGCL) and NTPC aim to invest approximately Rs 5876 crore in a 1200 MW Pumped Hydro Storage Project. A joint venture agreement between NGEL and CSPGCL will facilitate renewable energy projects of up to 2 GW, attracting around Rs 10,000 crore in investment. These projects will contribute to fulfilling CSPGCL’s Renewable Generation Obligation and Chhattisgarh's Renewable Purchase Obligation.