NTPC Limited creates NTPC (Mauritius) Energy Limited to develop floating solar projects
Type: Investment · Technology: Solar · Country: Mauritius · Announced: 2026-06-26
NTPC Limited invested MUR 1 million to establish a wholly‑owned subsidiary, NTPC (Mauritius) Energy Limited, on 26 June 2026. The new Mauritius‑based entity will focus on developing power projects, starting with a floating solar photovoltaic installation. The floating solar project will harness solar panels on water surfaces, enabling generation without occupying land and supporting NTPC’s international clean‑energy expansion. By creating the subsidiary, NTPC aims to diversify its portfolio beyond India and tap into the growing offshore solar market in the Indian Ocean region. The modest initial capital reflects a seed‑stage investment, with further funding expected as project plans progress.
Counterparties
- iSAT Africa Mauritius (Developer)
- NTPC Limited (Parent Company)