NTPC Charts ₹7 Lakh Crore Path to 244 GW Power Capacity by 2037

NTPC Ltd has drawn up a long-term expansion plan to raise its installed power generation capacity to 244 gigawatts (GW) by 2037, with a total planned investment of around ₹7 lakh crore. The roadmap reflects the company’s effort to align future capacity addition with India’s rising electricity demand and the country’s energy transition goals.

The state-owned utility currently has an installed capacity of over 85 GW, making it the largest power producer in the country. NTPC supplies nearly one-fourth of India’s electricity, supported by a diversified portfolio that includes thermal power, renewable energy, solar, wind, and hydro projects. The company has also been steadily adding renewable capacity, including recent solar projects commissioned through its subsidiaries.

As per the plan shared with lenders and stakeholders, NTPC has set an intermediate target of achieving 149 GW of installed capacity by 2032. Beyond this, the company aims to add close to 100 GW over the following five years to reach the 244 GW mark by 2037. Around 32 GW under construction across thermal and renewable projects provides near-term visibility to capacity growth.

The proposed capital expenditure will be spread across multiple segments. While thermal power will continue to play a role in ensuring base-load stability, a significant portion of future investments will be directed towards solar power, wind power, and energy storage systems, including pumped storage hydro projects and battery-based solutions.

In addition, the company is exploring new areas such as nuclear power, green hydrogen, and green chemicals as part of its longer-term diversification strategy. These initiatives aim to support grid stability, reduce carbon emissions, and create new revenue streams.

Also Read: Adani Group to Invest ₹1 Trillion in Airports, Infra Over 5 Years

NTPC’s expansion strategy aligns with India’s objectives of energy security, capacity adequacy, and gradual decarbonisation, ensuring readiness for future power sector requirements.