NTPC Plans to Achieve 32 GW Installed Capacity via Renewable Sources by 2032

Green masala bonds will be used by NTPC for financing renewable energy projects in accordance with applicable guidelines and regulations of Reserve Bank of India

NTPC Ltd. has raised Rs. 2,000 crore through issuance of green masala bonds in overseas market under its USD 4 billion medium term note programme. The proceeds of these green masala bonds will be used by NTPC for financing renewable energy projects in accordance with applicable guidelines and regulations of Reserve Bank of India (RBI) stated Piyush Goyal, Minister of State (IC) for Power, Coal, Mines New & Renewable Energy and Mines in a written reply to a question in Lok Sabha.

The details of the green masala bonds are given under:

“National Thermal Power Corporation (NTPC) Limited has  drafted/prepared its long-term Corporate Plan and has planned to achieve 32 GW installed capacity through  renewable energy resources by 2032”, said the minister.