NTPC Ltd. Approves Rs. 5,821.90 Crore Investment in Battery Energy Storage System and Additional Equity Commitment in Meja Urja Nigam Private Limited

In a recent meeting, the Board of Directors of NTPC Ltd. approved an investment proposal for a Battery Energy Storage System (BESS) with a total capacity of 4.70 GWh, estimated to cost Rs. 5,821.90 Crore. Additionally, the Board approved an additional equity commitment of Rs. 3,173.67 Crore in Meja Urja Nigam Private Limited (MUNPL), a joint venture company of NTPC and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL), for setting up Meja Super Thermal Power Project Stage-II. This investment will increase NTPC's total equity commitment in MUNPL to Rs. 5,000 Crore, subject to receipt of proportionate equity contribution from UPRVUNL.