According to a senior executive of the state-owned integrated power utility National Thermal Power Corporation (NTPC), which did not want to be named, the company has set plans to increase its coal-based capacity from its initial goal of 26 GW to 30 GW by 2031–2022. This is because the country’s power demand is still high.
The company’s plans for FY26 include adding 5 GW of renewable energy capacity and 3 GW of coal-based capacity. The NTPC has already added 3.3 GW of renewable energy capacity and 660 MW of thermal capacity for FY25.
The nation’s peak electricity demand is expected to reach over 270 GW this summer, according to government projections. As demand rises, the government plans to construct a strong mix of renewable energy sources and add 80 GW of coal-based capacity by 2032.
Over time, NTPC has expanded into nuclear energy, wind, solar, hydro, and chemicals like methanol and ethanol among other renewable energy sources. In the future, the company plans to increase its nuclear and renewable energy capacity as well as its energy storage solutions with more vigor.
In partnership with the Nuclear Power Corp of India, NTPC is currently constructing nuclear facilities with a 2.8 GW capacity. Madhya Pradesh will be home to one of these plants, while Rajasthan will host the other. Currently, Nuclear Power Corp. is the only company operating the nation’s 8 GW of nuclear capacity.
The company recently requested expressions of interest (EoIs) from multinational corporations in order to collaborate on the development of large-capacity nuclear power facilities with a target capacity of around 15 GW and the indigenization of pressurized water reactor (PWR) technology.
Through their joint venture with ONGC Green, “ONGC NTPC Green,” the company’s green energy branch, NTPC Green, aims to establish battery energy storage projects, onshore and offshore wind projects, and green chemical projects in the renewable energy segment.
At a projected expenditure of Rs 1 lakh crore, NTPC Green had previously stated that it aimed to gradually develop a 19 GW renewable energy capacity by 2026–2027.
