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NTPC sets Target to Install 60GW of RE Capacity by 2032

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NTPC targets 60 GW renewable energy capacity by 2032During the recently concluded Ministerial-level Thematic Forum for UN High level Dialogue on Energy 2021 (HLDE), India’s largest Power Producer NTPC Ltd unveiled its target to install 60 GW (or 60,000 MW) of renewable energy capacity (wind and solar) by 2032,as part of its plans to reduce 10% of its net energy intensity by 2032.  With this, NTPC Ltd became India’s 1st energy company to declare energy compact goals as part of HLDE 2021.

  • NTPC plans to invest INR 1 trillion between 2019 and 2024 to become a 130 GW power producer by 2032.
  • NTPC will form 2 international alliances to facilitate clean energy research and promote sustainability in the energy value chain by 2025.

Key Points

i.NTPC’s wholly owned subsidiary NTPC Renewable Energy had set a capacity target of 32 GW by 2032 (which constitutes 25% of its overall power generation capacity) when it was formed in 2020.

ii.At present, the installed renewable energy capacity of NTPC Ltd is 1,350 MW. It aims to add another 13,000 MW of green power generation by FY24.

  • 2,884 MW of NTPC’s renewable energy capacity is under implementation and 3,290 MW is under various stages of tendering.
  • The total installed capacity of power (including non-renewable energy) stands at 65,825 MW.

Recent Related News:

December 8, 2020, NTPC Limited signed an MoU with Indian Institute of Forest Management (IIFM), Bhopal for the implementation of Narmada Landscape Restoration Project (NLRP).

About NTPC Ltd

formerly known as National Thermal Power Corporation Limited
CMD – Gurdeep Singh
Headquarters – New Delhi
Established – 1975