New Delhi, Dec 19 (NationPress) The state-owned energy leader NTPC has revealed an increase in its commercial capacity by 359.58 MW through several solar initiatives conducted by its subsidiaries in Gujarat and Rajasthan, pushing the total commercial capacity of the group beyond 85.5 GW.

As stated by NTPC, this newly added power capacity includes 243.66 MW from the 1,255 MW Khavda-1 Solar PV project located in Gujarat under NTPC Renewable Energy Ltd, 78 MW from the 245 MW Nokh Sokar PV project in Rajasthan, and an additional 37.925 MW from the 300 MW Khavda Solar Energy Project, part of the 450 MW Hybrid Tranche V project in Gujarat.

With this development, the NTPC group’s total installed commercial capacity has now reached 85,541 MW (85.541 GW).

NTPC Ltd. supplies a significant one-fourth of India’s power needs and currently boasts an installed capacity exceeding 85 GW, with an additional 30.90 GW under construction, which includes 13.3 GW of renewable energy capacity. The company has set an ambitious goal of achieving 60 GW of renewable energy capacity by 2032, thereby bolstering India’s Net Zero objectives.

NTPC has a well-rounded portfolio that includes thermal, hydro, solar, and wind power plants, focusing on providing reliable, economical, and sustainable electricity across the nation. The organization is dedicated to implementing best practices, encouraging innovation, and adopting clean energy technologies for a more sustainable future, as noted in their statement.

In addition to power generation, NTPC is expanding into various innovative sectors, including e-mobility, battery storage, pumped hydro storage, waste-to-energy, nuclear power, and green hydrogen solutions.

Recently, NTPC hosted its 18th lenders’ meeting, showcasing the company's operational and financial performance, green initiatives, growth strategies, future capital investments, and funding needs. The event saw participation from key representatives of major banks, financial institutions, and credit rating agencies both domestically and internationally.

NTPC Chairman and Managing Director Gurdeep Singh discussed the evolving scenarios of energy transitions and the potential opportunities for NTPC in this changing environment. Jaikumar Srinivasan, Director of Finance, presented an overview of NTPC’s transformation into a comprehensive energy conglomerate, as per the company’s release.

The meeting also included an engaging question-and-answer segment where the management of NTPC addressed inquiries and input from attendees. The event was attended by the senior leadership of NTPC, along with CEOs and CFOs of major affiliated companies.