NTPC to reinvent with diversification plans
NTPC Ltd is planning to achieve 1 lakh MW capacity by 2025, having added 1,784 MW in the current financial year despite the COVID-19 pandemic.
“We are planning to achieve the target of 1 lakh MW of capacity by 2025 and are well placed with our diversification plans in distribution and expansion in renewable portfolio,” said CMD Gurdeep Singh.
“We have added 1,784 MW in spite of challenges posed by the pandemic and ensured uninterrupted power supply to the nation,” said Singh on the 46th Raising Day of NTPC on 7 Nov 2020.
The day also marked the announcement of the commercial operation of the second unit of 880 MW unit of the NTPC Lara in Chhattisgarh.
“NTPC is shaping up well for the future with its diversification plans and as a responsible corporate, NTPC is committed towards environment and the fast-growing capacity addition in the renewable portfolio is testimony to the commitment,” said R K Singh, Minister of State (Independent Charge) for Power, New and Renewable Energy.
Congratulating NTPC, the Minister noted that during the pandemic the state-owned public sector unit has ensured uninterrupted power supply to the nation reinforcing the significance of affordable power in the people’s daily lives.
“NTPC is one of the largest companies in India and now they must strive hard to become one of the largest power producers globally.
“The company has remained nimble-footed that has helped them to evolve stronger over the years,” said Minister Singh.
Speaking on the occasion, Power Secretary Sanjiv Nandan Sahai, said that the 45-year old NTPC is looking to reinvent itself and move forward with its investments in the renewable sphere.
He praised the company’s efforts in mitigating pollution caused due stubble burning by co-firing Biomass at its power plants ranging anywhere between 10% to 20%.
Sahay also emphasised Hydrogen being the fuel for future and commended the way NTPC is gearing up and being ready for the future. #power #electricity #renewables #OPEC #investments #projects #tenders /fiinews.com
