NTPC fully geared to steer transformation in India’s power sector
NTPC Ltd has reiterated its commitment to nation building and energizing India ahead of its Raising Day. India’s largest power producer, which commenced its purposeful journey on November 7, 1975 and has made a stellar contribution in lighting every nook and corner of the country, is fully geared to steer the next phase of growth and transformation in India’s power sector that offers immense opportunities.
NTPC has been the flag bearer for the power sector in the country in the last 45 years. From its current power producing capacity of 62 GW, NTPC plans to become a 130 GW company by the year 2032. In line with the global trend towards renewables, which is a cleaner source of energy, NTPC plans to achieve 32,000 MW of capacity through renewables or 25% of its overall power portfolio at the beginning of the next decade. Currently, NTPC has 2,404 MW of RE projects under implementation, out of which 237 MW comes from floating solar projects located in reservoirs at NTPC’s existing stations. In fact, Ramagundam 100 MW Floating Solar, being set up under non-PPA mode, is the largest in the country.