Indian power utility NTPC Ltd and Africa50, a 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.
According to an issued press release, this collaboration will leverage Africa50’s project development and financing expertise to advance commercially viable power projects, attract investment, and expand reliable electricity supply for households and businesses and NTPC’s engineering and operational capabilities.
“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.” Gurdeep Singh, Chairman and Managing Director of NTPC Limited, said.
Also, both organisations highlighted the importance of the Cooperation Agreement in advancing commercially viable power initiatives across Africa.
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.”
