India's top power generator boosts renewables with acquisitions

NTPC buys government stake in two power companies

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NTPC has set an aggressive target of setting up 10 GW of renewable portfolio by 2022.

MUMBAI (NewsRise) -- NTPC's acquisition of government's stake in THDC India and North Eastern Electric Power Corp. will help India's largest power-generation utility boost its renewable energy fuel mix and curb the dominance of coal, analysts said.

The state-run power generator signed pacts with federal government on Thursday to acquire New Delhi's entire stake in the two companies for a total of 115 billion rupees ($1.52 billion) in cash.

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