NTPC to add 33% of upcoming coal-based plants; fossil, non-fossil mix to be 60:40 by 2032

New Delhi: Out of the 80 GW of coal-based power generation capacity that India is planning to add by 2032, state-run NTPC Limited will be adding 33 percent or 26 GW and its fossil and non-fossil mix is expected to be nearly 60:40 by 2032, said its Chairman and Managing Director (CMD) Gurdeep Singh. “Out of the 80 GW, your company is expected to add 26 GW of coal-based capacity, including 9.5 GW which is under construction, and all these capacities are planned to be commissioned by 2031-32,” said Singh in the Maharatna PSU’s annual report for 2023-24.

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NTPC’s coal-based capacity addition plan

As part of the above plan, in FY24, NTPC has placed orders for 3,200 MW of coal-based capacity at Singrauli-III and Lara-II. “Further, tenders have been issued for 10.4 GW of capacity which is expected to be placed in 2024 and the orders for the balance capacity is also expected to be placed in the next one year. We are keeping a strong focus on delivering projects on time and developing mechanisms to make our decision-making process faster within the ambit of all principles,” said the CMD.

Commenting on NTPC’s captive coal mining business, Singh said that the company is planning to meet 25 percent of its coal requirements through captive coal production by FY2029-30. “I am happy to share that your company’s commitment to self-sufficiency in coal production has yielded impressive results…. During the FY24, total coal despatch of 34.15 MMT was achieved, registering over 50% growth when compared to the preceding year. This accounts for nearly 13 percent of our total coal consumption. Looking ahead, we are strategising to fulfil a minimum of 25 percent of our coal requirement through captive mines by FY30,” said NTPC’s CMD.

NTPC’s fossil & non-fossil mix to be 60:40 by 2032

“With the current plan, your company’s fossil and non-fossil mix is expected to be nearly 60:40 by 2032,” said the CMD. “By investing in renewables, and storage solutions, with over 11 GW of renewable energy and hydro projects under construction, and a strong pipeline of over 20 GW in various stages of tendering, your company is taking a significant step towards becoming a fully integrated clean energy provider,” he added.

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