Archive · 28 Aug 2026
NTPC Plans Rs 16.86 Lakh Crore Expansion Through 2032
NTPC is a large government-owned company that makes electricity in India.
It plans to spend about Rs 16.86 lakh crore to greatly increase its power capacity.
Its capacity could grow from about 89 GW now to 149 GW by 2032.
By 2037, the company hopes to reach 244 GW.
NTPC wants 60 GW of its capacity to come from renewable sources such as solar and wind by 2032.
It also plans to work on batteries, pumped storage and nuclear power.
Coal plants will still help provide electricity when solar and wind power are not available.
The company says India will need much more electricity as cities, industries, electric vehicles and data centres grow.
NTPC’s challenge will be completing the projects and raising enough money while keeping power reliable and making it cleaner.
NTPC plans to invest about Rs 16.86 lakh crore across power generation, storage, mining, nuclear energy and related businesses.
The state-run company aims to increase installed capacity from about 89 GW to 149 GW by 2032 and 244 GW by 2037.
NTPC targets 60 GW of renewable capacity by 2032, including solar, wind and hybrid projects.
The company plans to contribute around 30 GW toward India’s national nuclear-power target of 100 GW by 2047.
NTPC says coal will remain important for reliability while renewables, storage and nuclear power expand.
- Who
- NTPC, led by Chairman and Managing Director Gurdeep Singh.
- What
- A planned Rs 16.86 lakh crore investment programme to expand across thermal power, renewables, hydropower, storage, mining and nuclear energy.
- When
- The expansion targets run through 2032 and 2037; the plan was outlined at NTPC’s 50th Annual General Meeting on August 27.
- Where
- Across India, including the 2.8 GW Mahi Banswara nuclear project in Rajasthan and potential projects in multiple states.
- Why
- To meet rising electricity demand, maintain reliable power supply and support India’s transition toward cleaner energy.
Clean-energy transition
Reliability and energy security
Future generation mix
Clean-energy transition
Renewables, storage and nuclear power should expand to reduce the carbon intensity of electricity and support India’s energy transition.
Reliability and energy security
Coal-based generation should remain important for dependable, round-the-clock electricity, especially during evening peaks, heatwaves and periods of weak renewable output.
NTPC’s business direction
Clean-energy transition
NTPC’s renewable, storage and nuclear investments signal a shift beyond its traditional coal-based generation model.
Reliability and energy security
The company’s continued investment in conventional generation, fuel supplies and mining is intended to protect reliability and energy security as demand grows.
Execution challenges
Clean-energy transition
Rapid renewable growth requires battery systems, pumped storage and other technologies to manage fluctuating solar and wind output.
Reliability and energy security
The broader expansion also depends on timely project execution, financing, land, fuel, transmission infrastructure and regulatory approvals.
- Planned investment
- About Rs 16.86 lakh crore
- Installed capacity target
- 149 GW by 2032 and 244 GW by 2037
- Current installed capacity
- About 89 GW
- Renewable target
- 60 GW by 2032
- Nuclear ambition
- Around 30 GW toward India’s 100 GW national target by 2047
- Projects under development
- Nearly 35.7 GW
- 2026 capacity addition
- A record 9.6 GW, with nearly 60% from non-fossil sources
- Peak demand outlook
- India’s peak electricity demand is projected to rise from more than 270 GW to around 459 GW by 2036