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NTPC Group to Invest INR 96,000 Cr in RE, Pumped Hydro and Nuclear Power Projects in Chhattisgarh

NTPC and its subsidiary NTPC Green Energy Ltd. (NGEL) have signed agreements worth INR 96,000 crore with the Chhattisgarh government at the Chhattisgarh Energy Investors Summit 2025 to develop nuclear, pumped hydro, and renewable energy projects in the state.

March 11, 2025. By Mrinmoy Dey

State-owned NTPC along with its subsidiary NTPC Green Energy (NGEL) has signed multiple agreements worth INR 96,000 crore with the government of Chhattisgarh at the Chhattisgarh Energy Investors Summit 2025 held at Raipur. The agreements include Nuclear, Pump Hydro and Renewable projects based on solar, wind, and hybrid sources in the state.

The first memorandum of association (MoU) was signed between NTPC and the government of Chhattisgarh for setting up of 4,200 MW nuclear capacity in Chhattisgarh at an estimated investment of INR 80,000 crore.

The second MoU was signed between Chhattisgarh State Power Generation Company (CSPGCL) and NTPC, pertaining to an intent to invest approximately INR 5,876 crore in setting up 1,200 MW of Pumped Hydro Storage Project at Sikaser in Gariyaband district of the state.

The third Joint Venture Agreement (JVA) was signed between NGEL and CSPGCL for setting up renewable energy projects up to 2 GW in the state, at an approximate investment of INR 10,000 crore which will help in meeting Renewable Generation Obligation (RGO) of CSPGCL as well as Renewable Purchase Obligation (RPO) of Chhattisgarh DISCOM.

The agreements were signed in the presence of Chief Minister of Chhattisgarh, Vishnu Deo Sai; Chief Secretary Amitabh Jain; Principal Secretary to Chief Minister and Energy Subodh Kumar Singh; MD CSPGCL Sanjiv Kumar Katiyar and other state officials. Team NTPC was represented by RED WR- II and Ash NI Pradipta Kumar Mishra; ED – Nuclear Prasenjit Pal; GM Hydro J.C. Kakoti; and AGM, NGEL Bimal Gopalachari.

These projects are expected to provide a major boost to sustainable energy solutions while strengthening the government of India's efforts towards energy transition and Net Zero goals.

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Business

NTPC group

NTPC Green Energy

Chhattisgarh Energy Investors Summit

Chhattisgarh State Power Generation Company

Chhattisgarh Chief Minister

Amitabh Jain

Subodh Kumar Singh

Sanjiv Kumar Katiyar

Pradipta Kumar Mishra

Prasenjit Pal