State-owned power generator NTPC plans to raise its installed generation capacity to 149 GW by 2032 from 91 GW currently, adding around 58 GW as it responds to rising electricity demand in India. The expansion will draw on multiple energy sources, including renewable power, and is intended to broaden the company’s generation portfolio. The planned increase represents a substantial expansion of the utility’s existing asset base over the six-year period to 2032.

Chairman and Managing Director Gurdeep Singh outlined the roadmap at the KPMG ENRich 2026 event in New Delhi, where he said nuclear power would become an increasingly important part of NTPC’s long-term strategy. The company is targeting around 30 GW of nuclear capacity within a wider plan to reach 250 GW of total capacity by 2037. This would give nuclear generation a larger role alongside renewable and other non-fossil fuel sources.

NTPC has completed feasibility studies for proposed nuclear projects in Madhya Pradesh, Bihar and Odisha. It is also examining other locations in additional states for future nuclear developments. The projects form part of the state-owned utility’s effort to diversify its energy mix while expanding generation to match sustained growth in consumption. The broader pipeline will include a combination of conventional and clean-energy assets, although the release did not provide a detailed commissioning schedule for each project.

Singh said India’s power sector had remained resilient despite geopolitical and economic uncertainty worldwide, particularly in managing energy prices. He noted that the country had not experienced the sharp price increases seen in some other markets. Electricity demand rose 21 per cent in October and has been increasing month after month, reinforcing the need for additional generating capacity. NTPC’s planned additions are intended to support future energy requirements while contributing to a more diversified and sustainable power-generation mix.