Story 07 · Reuters
India’s largest power producer puts renewables at the heart of growth
NTPC plans to raise renewable capacity more than elevenfold by 2037, alongside storage and nuclear power.
India needs far more electricity while also cutting the pollution and climate damage caused by coal. That makes the investment choices of state-run NTPC, the country’s largest power producer, unusually consequential.
NTPC plans to invest about 17tn rupees (£133bn) through 2037 and nearly triple its generation portfolio. Renewables should provide the largest share of new capacity: the company aims to expand them from about 12GW now to 60GW by 2032 and 136GW by 2037. Capital will also move towards storage and nuclear power, which can provide electricity when wind and sunlight vary.
The scale could accelerate supply chains, grid experience and dependable low-carbon power across India. Long targets are not results, but a state utility directing its biggest growth towards cleaner technologies is meaningful.
The plan is not a clean break from fossil fuels. NTPC also expects coal capacity to rise from 67GW to about 91GW, arguing that coal remains one leg of energy security. Land, finance, transmission and project delivery are still being studied. Progress should therefore be judged by commissioned capacity and displaced emissions, not investment headlines.
Original reporting: Reuters ↗
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