India's NTPC and Africa50 Sign Cooperation Agreement to Develop Power Projects Across Africa

Key facts

• NTPC Ltd, India's largest integrated power utility, signed a cooperation agreement with Africa50, a pan-African infrastructure investment platform, to identify, assess and develop power generation projects and cross-border electricity trading opportunities across Africa.
• The partnership combines NTPC's technical, engineering, construction management and operational capabilities with Africa50's project development and financing expertise to identify commercially viable projects and mobilise investment.
• Under the agreement, NTPC will assess project feasibility, develop technical solutions and support identified opportunities through implementation, while Africa50 will use its project pipeline and relationships with governments and regulators across its 34 African country shareholders to identify and structure priority projects.
• The agreement strengthens infrastructure investment cooperation between India and Africa.
• NTPC has set a target of 149 GW of installed capacity by 2032, including 60 GW of renewable energy.