NEW DELHI: India’s largest power producer NTPC has set a target to install 60 GW (gigawatts) of renewable energy capacity as part of the plan to reduce by 10% its net energy intensity by 2032.
In addition, the coal-burning behemoth has declared that it will form at least two international alliances/groups to facilitate clean energy research and promote sustainability in the energy value chain by 2025.
These commitments make NTPC the first company in India’s energy domain to declare its Energy Compact goals as part of UN High-level Dialogue on Energy.
NTPC is among the few organisations globally to declare its Energy Compact goals and the commitments have also been published on the United Nation’s website as well.
The UN is set to convene a high-level dialogue in September 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.