Their was proposed renewable power joint venture (JV) of NTPC with four companies i.e. GE Energy Financial Services, Brookfield Renewable Power Inc, Asian Development Bank (ADB) and Kyushu Electric Power Co. Inc. for setting up 500 MW of non-conventional power generation capacity. The scope of this JV included looking at wind power and hydroelectric power. This agreement was signed in August 2008. In this JV, NTPC was to have 40% equity in the venture; the partners were to have a stake of 15% each. Now GE Energy Financial Services and Brookfield Renewable Power Inc. have exited the said JV. This may be due to the ongoing global financial crisis.
It may be noted that NTPC has outlined an aggressive generation capacity addition plan for the eleventh five-year plan (2007-12), which will take its cumulative capacity to near 46,000 MW by the end of 2012. Generation capacity addition is the only way of growing for power generation companies.