NTPC Sets Target to Add 5GW Installed Capacity to Meet Power Demand
New Delhi, April 8 (IANS) Public sector power giant NTPC Ltd has set a target to add 5GW of installed capacity to meet the growing power demand in the country, the company said on Monday. NTPC aims to add 3GW of renewable energy (RE) capacity and another 2GW to its thermal energy capacity by FY24.
In FY24, NTPC successfully added 3,924 MW of new capacity to its portfolio, bringing its cumulative installed capacity to nearly 76 GW. Presently, the group has an operational RE capacity of 3.5 GW, with an extensive pipeline exceeding 20 GW. NTPC is looking to expand its non-fossil based capacity to 45-50 per cent of the company’s portfolio by 2032, including 60 GW RE capacity.
NTPC Ltd, India’s largest integrated power utility, contributes as much as 25 per cent of the power requirement of the country. The company’s commitment to providing clean, reliable, and affordable energy solutions continues to strengthen India’s energy infrastructure, ensuring a sustainable energy future for the nation.
