+
NTPC plans 60 GW renewable capacity by 2032
POWER & RENEWABLE ENERGY

NTPC plans 60 GW renewable capacity by 2032

National Thermal Power Corporation (NTPC) told the media that the company plans to install 60 GW of renewable capacity by 2032. The company also plans to develop 10 GW ultra-mega renewable energy parks.

NTPC Renewables expects to develop 44 GW renewable energy capacity and 12 GW renewable capacity, including acquisition. NTPC has 1.15 GW of operational solar capacity and 3.5 GW in the pipeline till June 2021.

It reported revenues of Rs 260.39 billion in the first quarter (Q1) of FY22, a rise of 11%, as compared to Rs 234.53 billion in the same period last year.

In Q1 FY22, the net profit of the company was Rs 31.46 billion, a rise of 27% from Rs 24.7 billion in the same period last year.

The company said that nearly 4.49 GW of renewable energy capacity are in the tendering process. NTPC Renewables won the 325 MW solar capacity in the auction of Rewa Ultra Mega Solar Ltd and 450 MW solar projects in Shajapur Solar Park, MP.

In the previous month, the company invited an expression of interest (EOI) for setting up 1,000 MWh grid-connected battery storage systems in its power premises in India. It plans to develop a 4.75 GW solar park in the Rann of Kutch, Gujarat. The solar project is expected to be commissioned within five years from the date of the issue of the letter of award. The company has already applied for long-term access and connectivity for the first 500 MW. It has also informed the Central Transmission Utility to set up an inter-state transmission station substation up to Bhuj.

NTPC reported a reduction of 43% in SCPOE 3 emissions from 981,000 tonnes of carbon dioxide emissions in FY20 to 5,61,000 tonnes of carbon dioxide emissions in FY21. It aims to reduce its net energy intensity by 10% compared to the 2012 level by 2032.

Image Source


Also read: NTPC floats tender for India's first green hydrogen fueling station

Also read: NTPC invites EoIs from discoms to purchase electricity

National Thermal Power Corporation (NTPC) told the media that the company plans to install 60 GW of renewable capacity by 2032. The company also plans to develop 10 GW ultra-mega renewable energy parks. NTPC Renewables expects to develop 44 GW renewable energy capacity and 12 GW renewable capacity, including acquisition. NTPC has 1.15 GW of operational solar capacity and 3.5 GW in the pipeline till June 2021. It reported revenues of Rs 260.39 billion in the first quarter (Q1) of FY22, a rise of 11%, as compared to Rs 234.53 billion in the same period last year. In Q1 FY22, the net profit of the company was Rs 31.46 billion, a rise of 27% from Rs 24.7 billion in the same period last year. The company said that nearly 4.49 GW of renewable energy capacity are in the tendering process. NTPC Renewables won the 325 MW solar capacity in the auction of Rewa Ultra Mega Solar Ltd and 450 MW solar projects in Shajapur Solar Park, MP. In the previous month, the company invited an expression of interest (EOI) for setting up 1,000 MWh grid-connected battery storage systems in its power premises in India. It plans to develop a 4.75 GW solar park in the Rann of Kutch, Gujarat. The solar project is expected to be commissioned within five years from the date of the issue of the letter of award. The company has already applied for long-term access and connectivity for the first 500 MW. It has also informed the Central Transmission Utility to set up an inter-state transmission station substation up to Bhuj. NTPC reported a reduction of 43% in SCPOE 3 emissions from 981,000 tonnes of carbon dioxide emissions in FY20 to 5,61,000 tonnes of carbon dioxide emissions in FY21. It aims to reduce its net energy intensity by 10% compared to the 2012 level by 2032. Image Source Also read: NTPC floats tender for India's first green hydrogen fueling station Also read: NTPC invites EoIs from discoms to purchase electricity

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code