NTPC Group Unveils Rs 96,000 Crore Energy Investment in Chhattisgarh
The NTPC group, along with its subsidiary NTPC Green Energy, has committed to a substantial Rs 96,000 crore investment in Chhattisgarh to drive the development of several energy projects. This strategic move highlights the company’s dedication to enhancing India’s energy landscape with a focus on nuclear, renewable, and pumped hydro energy solutions.
A key agreement signed with the Chhattisgarh Government involves the creation of a 4,200 MW nuclear power facility. The project is expected to cost approximately Rs 80,000 crore and marks a significant step towards expanding the nation’s nuclear energy capacity. This initiative is set to not only boost India’s power generation capacity but also play a critical role in meeting the country’s growing energy demands. Another notable agreement centres on the development of a 1,200 MW pumped hydro storage project located in the Gariyaband district. This project, estimated at Rs 5,876 crore, will contribute to stabilising the energy grid by providing storage for surplus power, which can be used during peak demand periods.
The pumped hydro technology is seen as an essential tool in supporting renewable energy integration, offering grid resilience and stability. Additionally, NTPC Green Energy has signed a joint venture agreement with Chhattisgarh State Power Generation Company to develop up to 2 GW of renewable energy projects. This initiative will help the state fulfil its Renewable Generation Obligation and assist local electricity distribution companies in meeting their Renewable Purchase Obligation. The focus on renewable energy aligns with India’s commitment to a low-carbon future, supporting the broader goal of a zero-net-carbon economy.
NTPC’s latest investments underscore its leadership in India’s energy transition, as the company diversifies its portfolio beyond traditional thermal power into cleaner, sustainable energy sources. The investments in Chhattisgarh are poised to accelerate the state’s growth as a key player in India’s energy ecosystem, creating jobs, promoting economic growth, and contributing significantly to the decarbonisation efforts.
As of the latest financial update, NTPC’s net profit saw a slight decline of 1.8%, with revenues from operations rising by 5.2% in Q3 FY25. Despite this, the company continues to maintain a robust position in the Indian energy sector, with a clear strategy to align its operations with national sustainability goals
