Highlights:

  • In FY24, NTPC successfully added 3,924 MW of new capacity to its portfolio, bringing its cumulative installed capacity to nearly 76 GW.
  • By 2032, NTPC plans to boost its non-fossil fuel capacity to 45-50% of its portfolio.

State-owned power giant NTPC is gearing up to significantly boost India’s power infrastructure by aiming to add 5 gigawatts (GW) of capacity in the financial year 2024-25. This expansion plan includes a focus on renewable energy (RE), with NTPC aiming to incorporate 3 GW of RE capacity alongside a 2 GW increase in its thermal energy capacity.

In FY24, NTPC successfully added 3,924 MW of new capacity to its portfolio, bringing its cumulative installed capacity to nearly 76 GW. At present, the group operates with a renewable energy (RE) capacity of 3.5 GW, with an extensive pipeline exceeding 20 GW.

By 2032, NTPC plans to boost its non-fossil fuel capacity to 45-50% of its portfolio, reaching 60 GW in renewable energy (RE) capacity out of a total portfolio of 130 GW.

NTPC, one of India’s largest power producers, has been instrumental in augmenting the nation’s electricity generation capabilities. This strategic initiative aligns with the government’s vision of enhancing energy accessibility and promoting renewable energy adoption. NTPC’s efforts not only strengthen the power infrastructure but also pave the way for a more sustainable and resilient energy ecosystem in India.

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Resource: The Economic Times

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