Where will NTPC Green be in 2030 ? Why should you subscribe to the IPO? Management answers
Gurdeep Singh, CMD, and Jaikumar Srinivasan, Director-Finance,NTPC & NTPC Green Energy, in talks with ET Now. Singh says that NTPC Green has a broad target of producing 60 gigawatt by FY32 but on a more immediate basis, they have operational capacity of 3.32 gigawatt and 13 gigawatt under construction.
Singh says: “We were there yesterday, we are here today and we will be here tomorrow and going forward. Our clear-cut strategy is that we will be going very steadily while taking care of the good returns, but we are at present ready to execute large scale projects in different parts of the country.” NTPC Green favours large scale solar projects plus the wind projects rather than the smaller ones of 100 to 200 megawatt because smaller projects have to be in the queue to get connectivity in the pooling station. In case of a large-scale renewable energy park, the pooling station comes to the park.
I am sure the entire team is very excited about the IPO though some experts believe that the valuations are a little punchy. What is the kind of response you hope to garner?
Gurdeep Singh: Everybody has his or her view, but we had started this journey quite some time back and we are on very solid ground as of now. We have the operating capacity, the plan in place and the construction of the projects that are going on and we have set this pricing based on various inputs and we believe this is a very fair price and there is something on the table even today when we have come with the IPO for the investors in the short term and
