NTPC Targets 3 GW Renewable Capacity in Fy25, 2 GW Thermal Capacity

NTPC Ltd. India’s largest integrated power utility, has set a target to add 5GW of installed capacity in Fy25. The move comes even as NTPC has dusted off plans to start adding thermal capacity as well, after declaring it would stop adding the same from 2025, back in 2021. The changes have been driven by a stronger than expected surge in power demand post 2021, which have driven a return to coal and gas fired power to support faster industrialisation, access, and transition of key sectors like transportation to electricity driven. 

NTPC aims to add 3GW of RE capacity, exemplifying its steadfast dedication to environmental stewardship. Simultaneously, the power major aims to add 2GW to its thermal energy capacity, strengthening India’s energy infrastructure.  The new targets are likely to impact its long term plans to have 60 GW of renewable capacity by 2032 out of a total portfolio of 130 GW. All this, even as it seeks to reduce its emissions intensity by 10% by then. Getting there now would mean upping the renewable target significantly, as it already has almost 73 GW of operational thermal capacity.

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. There are also plans to spin off its renewables subsidiary or attract a strategic investor for the same this year. 

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NTPC Ltd. is India’s largest integrated power utility, contributing 1/4^th of the power requirement of the country. With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity to the nation. The company is committed to adopting best practices, fostering innovation, and embracing clean energy technologies for a greener future. The company’s trajectory on renewables and overall emissions are considered large enough to impact national goals for India significantly.