NTPC Limited, India’s largest power generating company under Ministry of Power has become first energy company in energy domain in India to declare its Energy Compact goals as part of UN High-level Dialogue on Energy (HLDE).
NTPC has set a target to install 60 GW of renewable energy capacity by 2032. India’s largest power producer is also aiming at 10% reduction in net energy intensity by 2032.
NTPC is among the few organisations globally to declare its Energy Compact goals.
Further, NTPC has declared that it will form at least 2 international alliances/groups to facilitate clean energy research and promote sustainability in 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.
United Nations is set to convene a high-level dialogue in September, 2021 to promote the implementation of the energy-related goals and targets of the 2030 Agenda for Sustainable Development.
NTPC has been taking various steps in increasing its green energy portfolio by adding significant capacities of Renewable Energy (RE) Sources. The Company had earlier planned to have a minimum of 32 GW capacity through RE sources constituting nearly 25% of its overall power generation capacity by 2032.
This development will prove to be huge boost for nation’s largest energy producer that will catapult its position in the green energy map of the country.