New Delhi: The Board of Directors of NTPC Limited has approved investments of Rs 79,738.45 crore for Stage-II expansion of three super thermal power projects on November 5, the Maharatna PSU told the bourses. The board has approved the setting up of Stage-II of three power projects — Nabinagar Super Thermal Power Project, Gadarwara Super Thermal Power Project and Telangana Super Thermal Power Project.

Three units of 800 MW each will be set up under Stage-II of Nabinagar Super Thermal Power Project at an appraised current estimated cost of Rs 29,947.91 crore, said NTPC. The Stage-II of Gadarwara Super Thermal Power Project will involve the setting up of two units of 800 MW each at a cost of Rs 20,445.69 crore, while three units of 800 MW each will be set up under Stage-II of Telangana Super Thermal Power Project at a cost of Rs 29,344.85 crore.

At a recent investors’ call conference, the NTPC management said that the company is considering awarding thermal capacity to the tune of 13.6 GW by the financial year 2026-27. This is in addition to the 11.16 GW thermal capacity already under construction. India has plans to add 80 GW of thermal power capacity by 2031-32 to meet the rapidly growing power demand.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)