6 days ago
NTPC Targets 244 GW Capacity, Rs 16.86 Lakh Crore Capex
NTPC is one of India’s major power companies.
It currently operates about 91 gigawatts of capacity.
The company wants to grow to 149 gigawatts by 2032 and 244 gigawatts by 2037.
Some of this new power will come from renewable sources such as solar and wind.
NTPC plans to spend Rs 16.86 lakh crore on power, mining, storage and nuclear projects.
It is also preparing to build more nuclear power plants.
The company says nuclear power can provide steady electricity alongside renewable energy.
NTPC reported its highest-ever group profit in FY26.
NTPC plans to reach 149 GW of generating capacity by 2032, including 60 GW from renewables.
The company aspires to achieve 244 GW of operating capacity by 2037, excluding storage.
NTPC expects cumulative capital expenditure of Rs 16.86 lakh crore through FY37 across multiple energy sectors.
The company is developing nuclear projects and studying 34 additional sites across 13 states.
NTPC reported record consolidated FY26 profit after tax of Rs 27,546 crore, up 15 per cent year-on-year.
- Who
- NTPC Chairman Gurdeep Singh announced the company’s expansion plans.
- What
- NTPC raised its long-term capacity target to 149 GW by 2032 and 244 GW by 2037, with planned capital expenditure of Rs 16.86 lakh crore through FY37.
- Where
- The announcement was made in New Delhi, with proposed projects and studies spanning India, including Rajasthan and 13 states.
- When
- The announcement was made on Thursday at NTPC’s 50th Annual General Meeting; the company also reported FY26 financial results.
- Why
- NTPC expects electricity demand to rise as India’s economy and living standards grow, while the power mix changes.
Key facts
- Current capacity
- Around 91 GW
- 2032 capacity target
- 149 GW, including 60 GW of renewable energy
- 2037 capacity aspiration
- 244 GW, excluding storage
- Planned capital expenditure
- Around Rs 16.86 lakh crore through FY37
- Nuclear development
- A 2.8 GW project in Rajasthan is being developed with Nuclear Power Corporation of India Limited
- Additional nuclear sites
- Studies and discussions are progressing for 34 sites in 13 states
- FY26 profit after tax
- Rs 27,546 crore, up 15 per cent from the previous year
Quotes
Gurdeep Singh
Chairman of NTPC
“We have raised our long-term capacity ambitions and now target generating capacity of 149 GW by 2032, including 60 GW of renewable energy, with an aspiration to reach 244 GW by 2037 excluding storage”
thehansindia.com
“We are also progressing well with a capacity of 5.75 lakh tonnes per annum. Once established, this will be the first plant of its kind in India and will directly substitute imported natural gas”
thehansindia.com
Sources
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