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NTPC Business: The country’s largest thermal power government company has announced to invest Rs 7 lakh crore in the next few years. This will also create lakhs of jobs in the next few years.
New Delhi. A government company has announced an investment of Rs 7 lakh crore in the next few years. The company says that this investment will also create a large number of jobs. NTPC, a company working in the power sector, has prepared a roadmap to achieve an installed capacity of 244 gigawatts by the year 2037. This will require capital expenditure of Rs 7 lakh crore.
NTPC said that the company’s Chairman and Managing Director (CMD) Gurdeep Singh shared the company’s growth and expansion plans in the lenders meeting. NTPC said its 32 gigawatt (1 gigawatt equals 1,000 MW) capacity is in various stages of construction. The company has set an ambitious target of expanding to 149 GW by 2032 and 244 GW by 2037.
Company fulfills 25 percent demand
The company said that this plan will require capital expenditure of about Rs 7 lakh crore. NTPC, under the Ministry of Power, is India’s largest power generation company. The company meets about one-fourth or 25 percent of the country’s electricity demand through conventional and green sources. NTPC’s group level installed capacity crossed 85,000 MW on Wednesday.
When was the company started
NTPC, the country’s largest thermal company, was established on November 7, 1975. Initially its entire business was based on coal, but later it is also focusing on renewable energy. Currently its capacity is about 85 gigawatts. It has more than 55 power stations running across the country, in which projects related to coal, gas, hydro, solar and wind are also running. Apart from this, the company is also running many plants through joint ventures and subsidiaries. The company’s plant load factor, i.e. utilization of production capacity from a plant, is about 80 percent, which is much higher than the national average.
The company diversified its business
NTPC’s major business focus is on thermal power. The company has now invested heavily in renewable energy like solar, wind and hydro sections. By the year 2032, the company’s renewable energy capacity will reach 60 GW, while the total capacity will reach 130 GW. This company has now become a Maharatna and along with power generation, it is also active in coal mining, power trading, consultancy, green hydrogen and e-mobility.
