NTPC Aims 10% Cut in Net Energy Intensity, Build 60GW RE by 2032 under its Energy Compact Goals

State-run power producer NTPC Ltd aimed to trim 10 per cent of its net energy intensity and install 60 GW of renewable energy (RE) capacity by 2032, as part of its energy compact goals.

These commitments make India’s largest power producer the first energy company in the country and among the few organisations globally to declare its energy compact goals as part of the United Nations High-level Dialogue on Energy (HLDE).

In line with this, the coal-burning behemoth has also declared that it will form at least 2 international alliances/groups to facilitate clean energy research and promote sustainability in the energy value chain by 2025.

The targets were unveiled in the recently held ‘Ministerial Thematic Forums for the HDLE’ event. The commitment from NTPC has been made public on UN’s website as well.

The UN is set to convene a high-level dialogue in September, this year to promote the implementation of the energy-related goals and targets of the 2030 Agenda for Sustainable Development.

The company has been taking various steps in increasing its green energy portfolio by adding significant capacities of renewable energy sources. It had earlier planned to have a minimum of 32 GW capacity through RE sources constituting nearly 25 per cent of its overall power generation capacity by 2032.

This development will prove to be huge boost for country’s largest energy producer that will catapult its position in the green energy map of India.