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Title: NTPC, NIIF sign pact to invest in renewable energy
Date:16 July 2020

India’s largest power generation company NTPC Ltd on 16 July 2020 said it has entered a pact with the NIIF (National Investment and Infrastructure Fund) to explore business opportunities in areas like renewable energy, power distribution among other areas of mutual interest in India. NTPC aims to derive nearly 30 GW of its overall power generation capacity from renewable energy sources by 2032, the release said. With a total installed capacity of 62,110 MW, NTPC group has 70 power stations comprising 24 coal-based units, seven combined cycle gas/liquid fuel stations, one hydro, 13 renewables, along with 25 subsidiary & joint venture entities.

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