NTPC Limited has entered into a Cooperation Agreement with Africa50 to jointly identify, assess, and develop power-generation projects across Africa. The partnership aims to expand reliable electricity supply and facilitate cross-border energy trading by combining NTPC's engineering capabilities with Africa50's investment expertise.

The agreement was formalized on October 15, 2026. It seeks to advance commercially viable power projects by attracting investment and supporting the progression of identified opportunities from feasibility studies through to implementation.

Strategic roles and capabilities

Under the framework, NTPC will contribute its extensive technical, engineering, project development, construction management, and operations expertise. The company will focus on assessing project feasibility and developing viable solutions for identified opportunities.

Africa50 will complement these efforts by leveraging its proprietary continental-scale pipeline and access to governments and regulators. With 34 African country shareholders, Africa50 will identify priority power projects, structure them for investment, and support their progress across the project life cycles.

Leadership commentary

Gurdeep Singh, Chairman and Managing Director of NTPC, stated that combining NTPC's technical experience with Africa50's project development capabilities creates a strong foundation for supporting reliable power supply and regional electricity trade in mutually agreed countries.

Alain Ebobisse, Group Chief Executive Officer of Africa50, emphasized that reliable and competitively priced power is central to Africa's industrial transformation. He noted the partnership aims to translate public ambition into private investment in power generation to support industrial growth and job creation.

About the entities

NTPC Limited

NTPC is India's largest integrated power company and a Government of India enterprise. Incorporated in 1975, it contributes around one-fourth of the country's total electricity generation. The group's installed capacity exceeds 91.5 GW, comprising coal, gas, hydro, solar, and wind sources. NTPC has set a target of 149 GW of total installed capacity by 2032, including 60 GW of renewable energy.

Africa50

Africa50 is a specialist investor in African infrastructure with 39 shareholders, including 34 African countries and the African Development Bank. It focuses on developing, de-risking, and delivering projects in energy, transport, and digital sectors to unlock economic growth.

NTPC Ltd plans to build six nuclear reactors in partnership with Russia's Rosatom, with an expected project cost of ₹1.5 trillion.

Project overview

The proposed collaboration between NTPC and Rosatom marks a significant development in India's nuclear energy landscape. The initiative involves the construction of six nuclear reactors, reflecting NTPC's continued efforts to diversify its power generation portfolio beyond conventional thermal and renewable sources.

The partnership with Rosatom, Russia's state-owned nuclear energy corporation, underscores the strategic nature of the proposed venture. Rosatom has an established presence in international nuclear project development, and its collaboration with NTPC signals the scale and technical complexity of the planned undertaking.

The expected cost of ₹1.5 trillion positions this among the larger capital commitments in India's energy infrastructure pipeline. The six-reactor scope indicates a substantial addition to nuclear generation capacity, should the project proceed as planned.