NTPC looks to list green energy vertical shortly

Addressing the 10th SBI Banking & Economics Conclave, Gurdeep Singh, Chairman and Managing Director of NTPC, revealed the company’s contemplation of listing its green energy vertical within the next one to two years. This strategic move is driven by NTPC’s anticipation of a surge in demand for green energy in the future.

Singh emphasized that NTPC foresees a 30-40% increase in capital expenditure (capex) to meet the growing power demand in the country. The state-owned company is committed to stabilizing power demand according to consumption patterns, ensuring the availability of affordable and reliable power as demand rises.

Highlighting the increasing significance of energy security in recent years, Singh stressed the need to control the usage of coal-based plants. He underscored the importance of shifting the focus to solar and hydrogen-based power.

Looking ahead to the next 5-7 years, NTPC aims to achieve a balance between fossil and non-fossil fuel capacities. The company is actively advancing its efforts in solar, green, and emerging fuels such as green hydrogen chemicals.

Singh shared insights into the company’s capital expenditure, indicating a historical range of around Rs 25,000 crore. He projected a future increase of at least 30-40%, emphasizing the ambitious goal of NTPC of adding 60 gigawatts of capacity on the renewable side by 2030, with optimism that this target might be achieved even earlier.

Providing an update on the current state of green energy initiatives, the CMD disclosed that NTPC has 3.5 gigawatts commissioned, 7.5 gigawatts under construction, and an additional 20 gigawatts in various stages of developmental activities.