NEW DELHI(Topmcxtips.com): India is aiming to hike the capacity of the state-run National Thermal Power Corporation Limited by three fold.
NTPC, India’s largest power producer, plans to have an installed capacity of 1,28,000 MW by 2032. Over 9% of this capacity is expected to be based on renewable energy sources. The present power generation capacity of NTPC (including JVs and its Subsidiaries) is 43,128 MW.
“NTPC proposes to increase its existing power generation capacity to three fold,” Piyush Goyal, (Minister of state for Power, Coal & New and Renewable Energy, said.
The Minister further stated that the as per its long-term Corporate Plan, NTPC plans to have an installed capacity of 1,28,000 MW by 2032. Over 9% of this capacity is expected to be based on renewable energy sources.
In order to achieve its long-term plans, NTPC has signed Power Purchase Agreements (PPAs) with State distribution utilities for over 1,03,000 MW capacity and has also been allocated a 4000 MW project under AP Reorganization Act, 2013. Out of this, 43,128 MW (including JVs and its Subsidiaries) has been commissioned and 23,854 MW is under construction, the Minister added.