NTPC aims 244 GW operational capacity, Rs 16.86 lakh crore capex by 2037: Chairman

NTPC expects to build 244 gigawatts of operating capacity and envisage capital expenditure of Rs 16.86 lakh crore by 2037 as it looks to boost the entire energy value chain, the company’s Chairman Gurdeep Singh said on Thursday.

The next decade will be one of the most significant periods of growth in NTPC’s history, Singh said, noting India’s electricity requirement will continue to rise as the economy expands and living standards improve.

At the same time, the composition of the power system will change rapidly, he said while addressing the shareholders at the company’s 50th Annual General Meeting (AGM).

“We have raised our long-term capacity ambitions and now target generating capacity of 149 GW by 2032, including 60 GW of renewable energy, with an aspiration to reach 244 GW by 2037 excluding storage,” Singh said.