POWER

NTPC pivots from thermal to green

State-run NTPC Ltd will not set up greenfield coal-fuelled power projects as part of its pivot towards green energy, said the company’s chairman and managing director, Gurdeep Singh.

NTPC, India’s largest power generation utility which runs one of the biggest coal power project fleets in the world, plans to make total capital expenditure of ₹ 1 trillion between 2019 and 2024 to become a 130-gigawatts (GW) power producer by 2032.

“Your company has changed its focus and is pursuing renewable capacity addition aggressively. We have taken the decision not to acquire any further land for greenfield thermal projects in the near future and the focus will be on reducing the carbon footprint,” Singh said at the 44th annual general meeting of the public sector unit.

Source
Livemint
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