State-owned NTPC is considering listing its green energy vertical in the next one to two years, as it expects higher demand going forward. The chairman and managing director, Gurdeep Singh, on December 27th, stated that the entity anticipates a 30-40% rise in capex to cater to the increased power demand in the country.
Singh added that the company is making power demand stable as per consumption, and will ensure that affordable and reliable power is available as the demand goes up again.
Singh also noted that energy security has become paramount in the past few years. While coal-based plants are not a problem, the usage has to be controlled, and the focus should be on solar and hydrogen-based power.
In the next 5-7 years, the fossil and non-fossil fuels' capacity at the entity should be almost equivalent. Therefore, the company is working aggressively on the solar, green, and new fuels like green hydrogen chemicals.
Singh added that the capex has been in the range of around Rs 25,000 crore, and going forward, it will increase by at least 30-40%. The company has a target to add 60 gigawatt capacity on the renewable side by 2030 and exuded confidence that it may be achieved even earlier.
As of now, the company has 3.5 gigawatts commissioned while 7.5 gigawatts are under construction. Another 20 gigawatts are in different developmental activities.
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