NTPC Expands Solar Capacity, Surpassing 85.5 GW Milestone
NTPC's New Solar Capacity Addition
New Delhi, Dec 19: The state-owned energy leader NTPC has revealed an increase in its commercial capacity by 359.58 MW through various solar initiatives undertaken by its subsidiaries in Gujarat and Rajasthan. This expansion elevates the total commercial capacity of the group beyond the 85.5 GW threshold.
As per NTPC's announcement, this new capacity includes 243.66 MW from the 1,255 MW Khavda-1 Solar PV project in Gujarat, 78 MW from the 245 MW capacity of the Nokh Sokar PV project in Rajasthan, and an additional 37.925 MW from the 300 MW Khavda Solar Energy Project, part of the 450 MW Hybrid Tranche V project in Gujarat.
Consequently, the NTPC group's total installed commercial capacity now stands at 85,541 MW (85.541 GW).
NTPC Ltd. plays a crucial role in meeting one-fourth of India's power needs, boasting an installed capacity exceeding 85 GW, with an additional 30.90 GW currently under development, which includes 13.3 GW of renewable energy. The company aims to achieve 60 GW of renewable energy capacity by 2032, aligning with India's Net Zero objectives.
With a varied portfolio that encompasses thermal, hydro, solar, and wind energy, NTPC is dedicated to providing reliable, affordable, and sustainable electricity across the nation. The company emphasizes the adoption of best practices, innovation, and clean energy technologies to foster a greener future, as stated in their announcement.
In addition to power generation, NTPC is exploring new business avenues such as e-mobility, battery storage, pumped hydro storage, waste-to-energy, nuclear energy, and green hydrogen solutions.
Recently, NTPC hosted its 18th lenders’ meeting, showcasing the company’s operational and financial achievements, green initiatives, growth strategies, future capital expenditures, and funding needs. The event attracted representatives from prominent banks, financial institutions, and credit rating agencies both domestically and internationally.
During the meeting, NTPC Chairman and Managing Director Gurdeep Singh discussed the evolving energy transition and the opportunities it presents for NTPC. Finance Director Jaikumar Srinivasan provided insights into NTPC’s evolution into an integrated energy conglomerate, as per the company’s statement.
The session also included an interactive Q&A segment, where NTPC’s management responded to questions and comments from attendees. The event was attended by NTPC’s senior leadership team, along with CEOs and CFOs from major group companies.