New Delhi: NTPC Ltd has revised its long-term capacity addition goal, setting a new target of 149 GW by FY32. This represents a 15 percent increase over its earlier target of 130 GW. The PSU also earmarked an investment of about ₹7 lakh crore by 2032, focusing on pumped storage, green chemicals, battery energy storage systems (BESS), and nuclear energy.
Strategic Capacity Expansion
NTPC Chairman and Managing Director Gurdeep Singh announced the revision during the company’s annual analysts and investors meet. He confirmed that the new roadmap strengthens NTPC’s long-term strategy by combining conventional capacity growth with future-ready technologies.
The company plans to expand its coal-based portfolio by nearly 26 GW in the next five years, taking total thermal capacity to 89 GW. Most of this growth will come through brownfield expansions to optimise fuel and land use. Currently, NTPC has 62 GW of installed coal-based capacity.
Meanwhile, NTPC’s renewable energy target of 60 GW by 2032 remains unchanged. The PSU has already commissioned 1.3 GW this year and expects to add another 6 GW in FY26.
Hydro and Nuclear Push
NTPC is aggressively scaling up hydro and pumped storage projects. Its pipeline includes 21,370 MW of capacity, with 11 GW directly under NTPC and 10.37 GW through subsidiaries THDC and NEEPCO. Tehri PSP recently added 500 MW to the grid, with another 500 MW expected within this fiscal. NEEPCO’s Tato-I, Tato-II, and Heo projects are also set to double its hydro capacity within six years.
On the nuclear front, NTPC has set a long-term ambition of installing 30 GW of nuclear capacity by 2047. The foundation stone for the 2,800 MW Mahi Banswara project in Rajasthan, being developed with NPCIL, will be laid in September. Singh affirmed NTPC’s role as an emerging leader in India’s nuclear energy sector.
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Betting on Green Hydrogen and Storage
Among its flagship projects, NTPC is developing a green hydrogen hub at Pudimadaka, Andhra Pradesh, with an investment of ₹80,000–85,000 crore. The project’s coastal location is expected to make it a key hub for exports.
In energy storage, NTPC is constructing a 160 MWh CO₂ battery at Kudgi in Karnataka, only the second such project globally after Italy. Scheduled for commissioning by July next year, this project reduces dependence on critical minerals.
Expanding Global Footprint
Internationally, NTPC’s Bangladesh joint venture has both units operational, while work on the Sampoor project in Sri Lanka has commenced. The project was jointly launched by Indian and Sri Lankan leaders, marking a new phase of NTPC’s regional expansion.
Dividend Commitment
For FY25, NTPC has distributed an interim dividend of ₹5 per share. The Board has also recommended a final dividend of ₹3.35, taking the total payout to ₹8.35 per share, about 42 percent of annual profit.
About NTPC Limited
NTPC Limited, a Maharatna PSU under the Ministry of Power, is India’s largest power utility with operations spanning thermal, hydro, renewables, and nuclear. With an installed capacity of over 76 GW, NTPC plays a critical role in meeting India’s energy needs while driving the transition toward cleaner and sustainable energy sources.
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