India''s biggest power producer National Thermal Power Corporation (NTPC) is partnering with GE Energy Financial services and Brookfield Power of Canada for alternate sources of energy. In the next ten years, NTPC plans to set up 75000 MW of power and by 2017 it will have a healthy portfolio of green energy. It will produce the first 500 mega watts in the next two years with an investment of about Rs 2500 cr for the joint venture. As NTPC has already lined up firm plans with ADB for the wind power projects, it stands to benefit from its green-projects as the government gives huge incentives for such projects. In fact for NTPC, the green project is an on-going process and not only a business initiative. Apart from the plans of commercial use of wind farms and hydro projects, the power major has already planted about 19 crore trees and saplings in and around various NTPC plants and townships.
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