New Delhi, Oct. 15 -- NTPC Limited, India's largest power utility and Africa50 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.
Speaking on the occasion, 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."
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."
Published by HT Digital Content Services with permission from Millennium Post.