NTPC and Africa50, the specialist investor in African infrastructure, have signed a cooperation agreement to identify, assess and develop power-generation projects and cross-border electricity trading opportunities across Africa. The partnership will draw on NTPC’s engineering and operational capabilities and Africa50’s project development and financing expertise to advance commercially viable power projects, attract investment and expand reliable electricity supply for households and businesses.
NTPC will bring its extensive technical, engineering, project development, construction management and operations expertise to assess project feasibility, develop viable solutions and support the progression of identified opportunities towards implementation. Africa50 will complement these capabilities by leveraging its proprietary continental-scale pipeline and unparalleled access to governments and regulators through its 34 African country shareholders to identify priority power projects, structure them for investment and support their progress across the project life cycles.
The agreement strengthens investment partnerships between India and Africa, supporting the development of power infrastructure that drives economic growth across the continent.
NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.
