NTPC Targets 244 GW Capacity by 2037 Backed by ₹7 Lakh Crore Investment – EQ
In Short : NTPC has announced plans to scale its installed power generation capacity to 244 GW by 2037, supported by an investment of around ₹7 lakh crore. The expansion will focus on renewable energy, storage, and flexible generation, strengthening India’s energy security while supporting the country’s long-term decarbonisation and clean energy transition goals.
In Detail : NTPC has outlined an ambitious roadmap to expand its installed power generation capacity to 244 GW by 2037, marking one of the largest growth plans in India’s power sector. The strategy reflects the company’s long-term vision to remain central to the country’s evolving energy landscape.
The planned expansion will be supported by an estimated investment of ₹7 lakh crore over the coming years. This capital will be deployed across multiple technologies, with a strong emphasis on renewable energy, energy storage solutions, and modernized thermal assets.
A significant share of the new capacity is expected to come from solar and wind power projects. NTPC aims to build a diversified clean energy portfolio that can meet rising electricity demand while reducing dependence on conventional fossil fuels.
Energy storage, including battery storage and pumped hydro projects, will play a critical role in NTPC’s future plans. These assets are essential for balancing variable renewable generation and ensuring round-the-clock power availability.
While expanding renewables, NTPC will continue to operate and upgrade its thermal power plants to improve efficiency and reduce emissions. Flexible operation of thermal assets will support grid stability during the transition period.
The expansion plan aligns with India’s national targets for achieving higher renewable energy capacity and net-zero emissions in the long term. As a public sector major, NTPC’s investments are expected to catalyse broader sectoral growth.
The scale of investment is also likely to generate significant economic activity, including job creation across construction, manufacturing, and operations. Large infrastructure spending will support domestic supply chains and technology deployment.
NTPC’s long-term planning reflects growing electricity demand driven by industrialisation, urbanisation, and electrification of transport and other sectors. Meeting this demand reliably requires both capacity expansion and grid resilience.
Overall, NTPC’s plan to reach 244 GW by 2037 underscores its strategic shift toward a cleaner, more flexible, and resilient power portfolio, reinforcing its role as a cornerstone of India’s energy transition and future power security.
