NTPC sets target to add 3 GW of RE capacity

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, reflecting its commitment to providing clean, reliable, and affordable energy solutions and another 2GW to its thermal energy capacity, strengthening India’s energy infrastructure, according to a company statement.

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. By 2032, NTPC is looking to expand its non-fossil based capacity to 45-50 per cent of the company’s portfolio which will include 60 GW RE capacity with a total portfolio of 130 GW.