Monday, May 23, 2022

NTPC to form 2 international alliances by 2025 for clean energy research

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New Delhi: NTPC Limited has said that it will form at least 2 international alliances or groups to facilitate clean energy research and promote sustainability in the energy value chain by 2025. The announcement has been made as part of NTPC's energy compact goals declared during the UN High-level Dialogue on Energy (HLDE). NTPC is the first energy company in the energy domain in India to declare its energy compact goals.

In an official statement, NTPC said that it has set a target to install 60 GW of renewable energy capacity by 2032. PSU Watch had earlier reported the same on June 22. India’s largest power producer is also aiming at 10 percent reduction in net energy intensity by 2032.

NTPC is among the few organisations globally to declare its energy compact goals.

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2. NTPC doubles 2032 RE target from 32 GW to 60 GW

The targets were unveiled in the recently held ‘Ministerial Thematic Forums for the HDLE’ event. The commitment from NTPC has been made public on the UN’s website as well.

United Nations is set to convene a high-level dialogue in September 2021 to promote the implementation of the energy-related goals and targets of the 2030 agenda for sustainable development.

NTPC has been taking various steps to increase its green energy portfolio by adding significant capacities of renewable energy (RE) sources. The company had earlier planned to have a minimum of 32 GW capacity through RE sources constituting nearly 25 percent of its overall power generation capacity by 2032. This development will prove to be huge boost for nation’s largest energy producer that will catapult its position in the green energy map of the country.

The total installed capacity of NTPC Limited is 65,810 MW (including JVs) own stations include 24 coal-based, 7 gas-based, 1 Hydro 1 Wind 13 Solar and 1 Small hydro plant. Under JV, NTPC has 9 coal based, 4 gas based and 13 renewable energy projects.

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