In a bid to bolster India’s power infrastructure, state-run NTPC Ltd has outlined an ambitious plan to augment its power generation capacity by 5 GW during the current financial year, FY25.
This strategic initiative underscores NTPC’s commitment to meeting the nation’s growing energy demands while embracing sustainable energy sources. Of the projected 5 GW capacity addition, NTPC aims to incorporate 3 GW of renewable energy and 2 GW of thermal power, signaling a concerted effort towards diversifying its energy portfolio. This dual-pronged approach reflects NTPC’s proactive stance in aligning with global trends towards renewable energy adoption while ensuring the reliability of conventional thermal power generation. The company’s steadfast expansion drive builds upon its commendable performance in the previous fiscal year, FY24, during which NTPC successfully augmented its capacity by 3.924 GW. With a cumulative installed capacity of nearly 76 GW, NTPC stands as a cornerstone of India’s energy landscape, contributing significantly to meeting the nation’s power requirements. Furthermore, NTPC’s commitment to renewable energy is evident in its existing operational capacity of 3.5 GW, with an ambitious pipeline exceeding 20 GW. By aspiring to elevate its non-fossil-based capacity to 45-50% of its portfolio by 2032, NTPC underscores its pivotal role in driving India’s transition towards a cleaner, greener energy future.
NTPC’s strategic vision aligns seamlessly with the government’s ambitious target of achieving 500 GW of installed non-fossil power capacity by 2030. As India’s largest integrated power utility, NTPC remains at the forefront of realizing this transformative agenda, exemplifying its unwavering commitment to sustainable development and energy security. Amidst intensifying competition and evolving market dynamics, NTPC’s emphasis on renewable energy underscores its adaptability and foresight in navigating the complexities of the energy landscape. With its robust growth trajectory and proactive approach to sustainability, NTPC emerges as a beacon of innovation and resilience in India’s quest for energy self-sufficiency and environmental stewardship. The company on Sunday said it aims to produce 40 million tonne of coal from its mines in FY25. This will help NTPC meet 15% of its coal requirement through captive mines in FY25.
