Africa50 and Indian power company NTPC partner to develop energy projects across Africa
New Delhi, India, 15 October 2026 – Africa50, the specialist investor in African infrastructure, and NTPC Limited, India’s largest power utility, 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 Africa50’s project development and financing expertise and NTPC’s engineering and operational capabilities to advance commercially viable power projects, attract investment and expand reliable electricity supply for households and businesses.
Africa50 will draw on its proprietary continental-scale pipeline and unparalleled access to governments and regulators through its 34 African country shareholders to identify priority power projects, structure them for investment and support their progress across the project life cycles. NTPC will bring its extensive technical, engineering, project development, construction management and operations expertise to assess project feasibility, develop viable solutions and support the progression of identified opportunities towards implementation.
Mr. 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.”
Mr. 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.”
The agreement strengthens investment partnerships between India and Africa, supporting the development of power infrastructure that drives economic growth across the continent.
About Africa50
Africa50 is a specialist investor in African infrastructure, developing, de-risking and delivering projects to unlock economic growth across the continent. It combines a proprietary continental-scale pipeline, deep government relationships and structuring solutions to develop investment-ready projects and scalable platforms. With deep investment expertise across the energy, transport, and digital sectors, Africa50 mobilizes African and international capital to deliver sustainable financial returns while creating economy-scale impact.
Africa50 currently has 39 shareholders, comprising 34 African countries, the African Development Bank, the Central Bank of West African States (BCEAO), Bank Al-Maghrib, the Public Investment Corporation (PIC), and African Reinsurance Corporation. For more information, visit www.africa50.com.
About NTPC
NTPC Limited is a Government of India enterprise and India's largest integrated power company. Incorporated in 1975, NTPC has been listed on the stock exchanges since 2004. The NTPC Group has an installed capacity of over 91.5 GW, spread across a diversified mix of energy sources comprising coal, gas, hydro, solar and wind, and contributes around one-fourth of the country's total electricity generation.
Beyond conventional coal and gas-based generation, the NTPC Group's portfolio encompasses hydro, renewable and extends to coal mining, consultancy, power trading and power-sector training. The Group is also advancing battery energy storage systems (BESS), pumped storage projects (PSP) and Nuclear Power Generation to support the integration of renewable energy into the grid. NTPC has set a target of 149 GW of total installed capacity by 2032, including 60 GW of renewable energy, in furtherance of India's energy security and its transition to a sustainable energy future. For more information visit www.ntpc.co.in.
Africa50 Media Contact:
Nana Boakye-Yiadom, Senior Communications Manager, Africa50
Tel: +212666166308
Email: n.boakyeyiadom@africa50.com
NTPC Media Contact
Mr. B.K. Pandey, Addl. General Manager, Corporate Communications, NTPC Limited
Tel: (+91)-9650993111
Email: bkpandey01@ntpc.co.in
Category: Press Release