The signing ceremony took place in the presence of Chief Minister of Maharashtra Shri Devendra Fadnavis and Minister of Revenue Shri Chandrashekhar Bawankule, along with senior officials from both the state government and NTPC. While the project parameters have been upgraded to a total of 2,600 MW, all other terms and conditions of the original MoU remain unchanged. This collaborative effort highlights a strengthened commitment to accelerating sustainable energy initiatives and enhancing India’s energy security through reliable, large-scale storage solutions.

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Gracing the occasion, Shri Gurdeep Singh, Chairman and Managing Director, NTPC Limited, spoke about the evolving energy transition scenarios and the opportunities available for NTPC in this changing landscape. Shri Jaikumar Srinivasan, Director (Finance) made a presentation highlighting NTPC’s transformation into an integrated energy conglomerate.

Through a series of presentations, NTPC and its group entities showcased their commitment to sustainable growth aligned with the Viksit Bharat vision of the Government of India. Leading credit rating agencies, such as Moody’s, S&P Global Ratings, Fitch Ratings, and CAREdge shared their perspectives on India’s sovereign rating, the power sector, and NTPC’s credit profile.

The meet also featured an interactive question-and-answer session, during which NTPC’s management addressed queries and observations raised by participants. The event was attended by NTPC’s senior leadership team, along with CEOs and CFOs of major group companies.

The Lenders’ Meet enabled meaningful engagement between NTPC, its group companies, lenders, and credit rating agencies, reinforcing mutual trust and collaboration in support of the company’s future growth plans.

NTPC currently operates over 85 GW of installed capacity, with 32 GW under construction, and has set an ambitious target to scale up to 149 GW, including 60 GW of renewable energy capacity, by 2032, and further to 244 GW by 2037. The roadmap envisages a capital expenditure of approximately Rs 7 lakh crore, with expansion plans across energy storage systems, pumped storage projects, nuclear power, green hydrogen, and chemicals.

With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity to the nation. The company is committed to adopting best practices, fostering innovation, and embracing clean energy technologies for a greener future.

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