NTPC inks statement of intent with NITI Aayog to develop net zero GHG emissions roadmap for NTPC

NTPC Limited has signed a Statement of Intent (SoI) with NITI Aayog on July 20 to develop the net-zero GHG emissions roadmap for NTPC

Alt=
NTPC inks statement of intent with NITI Aayog to develop net zero GHG emissions roadmap for NTPC

New Delhi: NTPC Limited has signed a Statement of Intent (SoI) with NITI Aayog on July 20 to develop the net-zero GHG emissions roadmap for NTPC. Paving the pathway towards greening the power sector of the country, the SoI seeks to formalize a framework of cooperation between the parties to facilitate NTPC to strategies on diversification of its generation mix to eventually reduce its carbon footprint and support India’s endeavor towards achieving net zero by 2070.

As the Government of India has announced the ‘Panchamrit’ goals during CoP-26, NITI Aayog is working on the development of different scenarios and pathways for achieving net zero by 2070. With 17 percent of the installed generation capacity of the country, NTPC meets around 24 percent of the country’s power requirement. With this collaboration, NTPC would be able to utilize the expertise of NITI Aayog’s energy team for:

• Development of Net Zero GHG emissions Roadmap for NTPC to align with Government of India’s ‘Panchamrit’ goals

• Emissions and energy (portfolio mix) modeling including development of scenarios for 2030, 2037, 2047 and 2070

• Assistance in the establishment of the Carbon Management Unit (CMU) in NTPC to integrate all GHG reduction initiatives under one umbrella

(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.)