NTPC plans to expand its installed power generation capacity from 91 gigawatts (GW) to 149 GW by 2032, adding around 58 GW as India’s electricity demand continues to rise, Chairman and Managing Director Gurdeep Singh said at the KPMG ENRich 2026 event in New Delhi.
The state-owned power company’s expansion will draw on multiple energy sources, including renewable power. Singh said the plan is intended to strengthen NTPC’s generation portfolio and help meet the country’s growing electricity requirements.
The announcement places nuclear power at the centre of NTPC’s longer-term strategy. The company is targeting about 30 GW of nuclear capacity as part of a broader plan to reach 250 GW of installed capacity by 2037. “Of the 250 GW capacity targeted for the year 2037, the plan of about 30 GW nuclear,” Singh said.
NTPC has completed feasibility studies for proposed nuclear power projects in Madhya Pradesh, Bihar and Odisha, according to the company. It is also examining additional locations in other states for future nuclear capacity development. The projects form part of NTPC’s effort to diversify its generation mix through renewable and other non-fossil fuel sources.
The capacity expansion comes as electricity consumption rises across the country. Singh said power demand in October increased 21 per cent and had been rising month after month. The statement did not provide the absolute demand figure or identify the specific period used for comparison.
For cities and industries, additional generation capacity is closely linked to the reliability of the wider electricity system. Rising demand accompanies expanding urban settlements, commercial activity and infrastructure loads, although NTPC’s announcement does not specify how much of the planned capacity will be allocated to particular states, cities or consumer categories.
Singh also said India had managed energy prices without the sharp increases seen in some other parts of the world despite geopolitical and economic uncertainty. “Despite all kind of turmoils across the globe, in India we have not seen surge in energy prices. I think in India we have not seen that type of surge like we have noticed in other parts of the world,” he said.
NTPC’s immediate roadmap is therefore built around two linked targets: adding 58 GW by 2032 and developing a much larger generation portfolio by 2037, including around 30 GW of nuclear power. The company’s next steps include advancing feasibility work and identifying further sites for its proposed nuclear projects.
