NTPC plans to list green energy vertical in next 1-2 years: CMD Gurdeep Singh

Public sector undertaking, National Thermal Power Corporation [NTPC] plans to list its green energy vertical within next 1-2 years, as per CMD Gurdeep Singh. The significant move emphasis the public sector strategic focus on renewable energy along with its efforts to enhance transparency in green energy investments.

NTPC plans to list green energy vertical in next 1-2 years: CMD Gurdeep Singh

State-owned NTPC is considering listing its green energy verticle as it expects higher demand going forward, where the sector is anticipating a 30-40% rise in capex to cater to the increased power demand in the country. It is expected that in the next 5-7 years, the fossil and non-fossil fuel capacity at the entity should be almost equivalent. Therefore, the company is increasingly working on solar, green, and new fuels like green hydrogen chemicals.

As per the Managing Director, the company is making power demand stable, and suitable for consumption, and will ensure that affordable and reliable power is available as the demand goes up again.

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The fundamental capital needed to invest has ranged around Rs 25,000 crore, and going forward, it will increase by at least 30-40%. Additionally, the company has a target to add 60 GW capacity on the renewable side by 2030.

As of now, the company has commissioned around 3.5 GW while 7.5 GW are under construction. Another 20 GW are in different developmental activities.

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NTPC is the largest power company in India with an electric power generating capacity of 71,594 MW. Although the company has approximately 16 percent of the total national capacity, it contributes to over 25% of total power generation due to its focus on operating its power plants at higher efficiency levels.

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