NTPC seeks industrial partners for 26% stake in co-generation projects

NTPC Limited has issued Expressions of Interest (EOI) inviting Commercial and Industrial (C&I) entities to acquire 26 per cent equity in upcoming co-generation projects, according to a company statement. The initiative represents an expansion of the state-owned power giant's portfolio beyond traditional generation into partnership-based energy solutions.

The proposed co-generation facilities will be designed to produce both steam and electricity through integrated systems powered by coal, renewable energy sources and Battery Energy Storage Systems (BESS). NTPC said the projects aim to provide industrial users with reliable, economical and sustainable energy supplies through long-term power purchase arrangements.

The move reflects shifting priorities among Indian manufacturers, who are increasingly prioritizing energy security, cost optimization and environmental sustainability. Co-generation systems enhance overall energy efficiency by capturing waste heat from electricity generation for industrial process use, reducing both energy consumption and operating costs.

NTPC's initiative seeks to address the diverse energy requirements of industrial consumers while supporting the nation's broader transition toward cleaner and more efficient power generation. The company has positioned the equity partnership model as a means to accelerate development of co-generation infrastructure across key industrial sectors.