BSECompany Update8h ago · 15 Oct 2026, 06:13 pm
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NTPC Ltd · 532555
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NTPC Ltd has partnered with Africa50 to jointly develop power projects across Africa, leveraging NTPC's technical expertise and Africa50's project development and financing capabilities.
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NTPC Ltd - 532555 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Ref. No.: 01:SEC:LA:1 Dated: 15th October 2026
BSE Limited National Stock Exchange of India Limited
Department of Corporate Services, Listing Department,
Floor 25, PJ Towers, Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Bandra (E),
Mumbai-400 001 Mumbai-400 051
25वी ंमंिजल, पी. जे. टावस(cid:330), दलाल (cid:720)(cid:332)ीट, मुंबई – 400001 ए(cid:411)च(cid:336)ज (cid:600)ाज़ा, बां(cid:363)ा-कु ला(cid:330) कॉ(cid:817)(cid:600)े(cid:411), बां(cid:363)ा (पूव(cid:330)), मुंबई-400 051
Scrip Code: 532555 Symbol: NTPC
ISIN: INE733E01010
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 – Press Release
Dear Sir/ Madam,
Please find attached herewith a copy of press release titled “NTPC partners with Africa50 to jointly develop
power projects across Africa” dated 15th October 2026.
This is for your information and record.
Thanking you/ ध(cid:586)वाद,
Yours faithfully/ भवदीया,
(Ritu Arora)/ ((cid:303)रतु अरोड़ा)
Company Secretary & Compliance Officer/
Encl.: as above
Press Release
NTPC partners with Africa50 to jointly develop power projects
across Africa
New Delhi, India, 15th October 2026 – NTPC Limited, India’s largest power utility and
Africa50, the specialist investor in African infrastructure, have signed a Cooperation
Agreement to identify, assess and develop power-generation projects and cross-border
electricity trading opportunities across Africa.
The partnership will draw on NTPC’s engineering and operational capabilities and
Africa50’s project development and financing expertise to advance commercially viable
power projects, attract investment and expand reliable electricity supply for households
and businesses.
NTPC will bring its extensive technical, engineering, project development, construction
management and operations expertise to assess project feasibility, develop viable
solutions and support the progression of identified opportunities towards
implementation. Africa50 will complement these capabilities by leveraging its
proprietary continental-scale pipeline and unparalleled access to governments and
regulators through its 34 African country shareholders to identify priority power projects,
structure them for investment and support their progress across the project life cycles.
Speaking on the occasion, the leadership of both organizations underscored the
significance of the Cooperation Agreement for development of commercially viable
power projects across Africa.
Mr. Gurdeep Singh, Chairman and Managing Director of NTPC Limited, said: “We look
forward to working with Africa50 to develop commercially viable power projects in
mutually agreed countries in Africa. Combining NTPC’s technical and operational
experience with Africa50’s project development capabilities and relationships across the
continent creates a strong foundation for supporting reliable power supply and regional
electricity trade.”
Mr. Alain Ebobisse, Group Chief Executive Officer of Africa50, said: “Reliable and
competitively priced power is central to Africa’s industrial and economic transformation.
This partnership combines Africa50’s ability to develop, de-risk and deliver investable
projects with NTPC’s proven technical expertise to translate public ambition into private
investment in power generation. Together, we aim to strengthen regional power systems
that support industrial growth, expand trade and create jobs.”
The agreement strengthens investment partnerships between India and Africa,
supporting the development of power infrastructure that drives economic growth across
the continent.
About NTPC
NTPC Limited is a Government of India enterprise and India's largest integrated power
company. Incorporated in 1975, NTPC has been listed on the stock exchanges since
2004. The NTPC Group has an installed capacity of over 91.5 GW, spread across a
diversified mix of energy sources comprising coal, gas, hydro, solar and wind, and
contributes around one-fourth of the country's total electricity generation.
Beyond conventional coal and gas-based generation, the NTPC Group's portfolio
encompasses hydro, renewable and extends to coal mining, consultancy, power trading
and power-sector training. The Group is also advancing battery energy storage systems
(BESS), pumped storage projects (PSP) and Nuclear Power Generation to support the
integration of renewable energy into the grid. NTPC has set a target of 149 GW of total
installed capacity by 2032, including 60 GW of renewable energy, in furtherance of India's
energy security and its transition to a sustainable energy future. For more information visit
www.ntpc.co.in.
About Africa50
Africa50 is a specialist investor in African infrastructure, developing, de-risking and
delivering projects to unlock economic growth across the continent. It combines a
proprietary continental-scale pipeline, deep government relationships and structuring
solutions to develop investment-ready projects and scalable platforms. With deep
investment expertise across the energy, transport, and digital sectors, Africa50 mobilizes
African and international capital to deliver sustainable financial returns while creating
economy-scale impact.
Africa50 currently has 39 shareholders, comprising 34 African countries, the African
Development Bank, the Central Bank of West African States (BCEAO), Bank Al-Maghrib,
the Public Investment Corporation (PIC), and African Reinsurance Corporation. For more
information, visit www.africa50.com.