NTPC expansion plan targets 244 GW power capacity with ₹7 lakh cr push

NTPC plans to scale total installed capacity to 244 GW by 2037, backed by an estimated investment of ₹7 lakh crore. The plan reflects NTPC’s long-term strategy to meet rising electricity demand while reshaping India’s power generation mix.

NTPC will increase its capacity under the roadmap to 149GW by the year 2032, as compared to its present capacity of more than 85GW. There are nearly 32 GW of projects under construction that provide impetus to the further growth.

The company had described this expansion plan in one of their recent meetings with their lenders, which is an indication that they are confident in the implementation and funding.

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One of the major pillars of the expansion plan is the diversification. Though thermal power will still be used to stabilize the grid, much of any additional capacity will be renewable energy sources such as solar and wind. NTPC is also undertaking more investments in energy-storage products, including pumped-hydro projects, to cope with the fluctuations in renewable generation.

In addition to traditional power, green hydrogen, green chemicals, and nuclear energy are all on the agenda of the plan. Such actions will make NTPC a diversified energy firm and not a power generator. They are also in line with the long term decarbonization objectives of India and are also able to address the needs of the Indian industries in terms of energy.

Industry perspective In the industry, the growth of NTPC plays a critical role in energy security. The company is the current provider of electricity that serves almost a quarter of India. The magnitude of investments to be undertaken shows the increased capital demand of the power industry due to the escalating demand and the need to focus on cleaner technologies in the industry.