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NTPC Eyes Massive 149 GW Capacity by 2032
3 Nov
Summary
- NTPC aims to increase installed capacity to 149 GW by 2032.
- The company is exploring nuclear power generation in multiple states.
- India's energy prices remain stable despite global challenges.
NTPC, the nation's largest power generation company, has announced ambitious plans to significantly expand its installed capacity. By 2032, the company aims to reach a total of 149 gigawatts (GW), a substantial increase from its current 91 GW. This expansion will encompass diverse energy sources, including a strategic move into the nuclear sector.
Feasibility studies for new nuclear power capacities have been successfully completed in Madhya Pradesh, Bihar, and Odisha. NTPC is also actively scouting for additional locations across other states to bolster its nuclear energy portfolio.
Despite ongoing global economic challenges and market volatility, India's power sector demonstrates remarkable resilience, with energy prices remaining stable. This stability contrasts with surges observed in other parts of the world. Power demand in India has seen a significant increase, with October experiencing a 21% rise, indicating continued growth.
As a key entity under the Ministry of Power, NTPC currently fulfills one-fourth of India's total energy requirements. The company's growth trajectory underscores its pivotal role in meeting the country's escalating energy needs.
