Question: NTPC, the Maharatna PSU has recently signed a pact with which of the following institute to explore business opportunities in India?
(a)Skill India
(b)National Investment and Infrastructure Fund
(c)Atal Innovation Mission
(d)IIM Ahmedabad
Answer: (b)
Related facts:
- NTPC Ltd, a central PSU under Ministry of Power and Country’s largest power generation company has entered into a Memorandum of Understanding (MoU) with National Investment and Infrastructure Fund (NIIF) on July 16, 2020.
- The agreement has been done to explore opportunities for investments in areas like renewable energy, power distribution among other areas of mutual interest in India.
- Highlights of the MoU:NTPC and NIIF aim to collaborate to further help India’s vision of building sustainable and robust energy infrastructure in the country under this agreement.
- This partnership aims to bring together NTPC’s technical expertise and NIIF’s ability to raise capital and bring in global best practices by leveraging its existing relationships with leading players.
- NTPC & NIIF:NTPC Group has 70 Power stations comprising of 24 Coal, 7 combined cycle Gas/Liquid Fuel, 1 Hydro, 13 Renewables along with 25 Subsidiary & JV Power Stations with a total installed capacity of 62110 MW.
- NTPC targets to have nearly 30 GW of its overall power generation capacity from renewable energy sources by 2032.NIIF Limited manages over USD 4.3 billion of equity capital commitments across its three funds – Master Fund, Fund of Funds and Strategic Opportunities Fund, each with its distinct investment strategy.
- NIIFL is a collaborative investment platform for international and Indian investors, anchored by the Government of India.
- The NIIF Master Fund is the largest infrastructure fund in the country and invests in core infrastructure sectors such as transportation and energy.
Author: Himanshu Shukla
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