In the next five to seven years, the fossil and non-fossil fuels’ capacity at the entity should be almost equivalent. Therefore, the company is working aggressively on the solar, green and new fuels like green hydrogen chemicals 

 Citing an expected spike in demand, state-owned NTPC is considering offering its green energy vertical within the next year or two. In response to the nation’s growing demand for electricity, the corporation anticipates increasing capital expenditure (capex) by 30 to 40 per cent , as stated by Gurdeep Singh, Chairman and Managing Director, on 27 December.

To guarantee the availability of reasonably priced and dependable power as demand increases, Singh underlined the company’s commitment to sustaining constant power demand in line with consumption patterns. Given the increasing significance of energy security, Singh promoted the prudent use of coal-fired power plants together with a deliberate transition to solar and hydrogen energy sources.

Within the next five to seven years, Singh stated the company’s aggressive goal of reaching near-equivalent capacity in both fossil and non-fossil fuels. NTPC is aggressively exploring projects related to solar energy, renewable energy and cutting-edge fuels including green hydrogen compounds.

Singh emphasised the financial side of things by revealing that capex is currently at about Rs 25,000 crore, with a minimum of 30 to 40 per cent rise anticipated in the future. By 2030, NTPC hopes to have added 60 gigawatts of renewable capacity; however, the company is confident that this goal may be reached even sooner. As of right now, the corporation has put 3.5 gigawatts into service. Another 7.5 gigawatts are being built and 20 gigawatts are in various phases of development.