NTPC to invest Rs 2.5 trillion on RE development

NTPC Limited has planned an investment of about Rs 2.5 trillion over the next ten years for expanding renewable energy (RE), a large part of which would come from the market through public offer.

NTPC has proposed mega listing of its RE subsidiary in the next fiscal (2022-23) to raise resources to fund its initiative. The company has also increased its RE generation addition target from 30,000 MW to 60,000 MW 2032. In another development, NTPC has planned to reduce coal-based generation to half of its capacity in a decade. It is also aiming for a 10 per cent reduction in net energy intensity by 2032. NTPC aims to have equal proportions of thermal and renewable mix over next decade, as against the current 2 per cent thermal power generation.