| 30 | | 31 | SPECIAL FEATURE: NTPC NTPC is pivoting to green energy to lead India's energy transition and sustainability initiatives. NTPC: Powering a Just Transition — Catalyzing Sustainable Change Since its inception in 1975, India’s largest integrated energy company, NTPC Limited, has emerged as a key pillar powering India’s economic growth. With nearly 74 GW installed capacity, the public sector enterprise contributes approximately 25% of total electricity produced in India—providing energy to power every fourth bulb in the country. NTPC has always strived to deliver power that is economical, efficient, and ecologically sustainable. To meet this objective, it offers a diversified energy mix comprising gas, wind, solar, hydro, floating solar and coal. However, energy security is important and fossil fuel, mainly coal, is predominant source. By 2032, NTPC is looking to expand its power capacity based on non-fossil fuel to 45-50% of the company’s portfolio. This will include renewable energy capacity of 60 GW and a total portfolio of 130 GW. In 2022-23, NTPC’s organic non-fossil capacity addition surpassed fossil capacity creation, demonstrating its compelling progress in the energy transition journey. The company has achieved this despite unprecedented uncertainties and disruptions in the global supply chain. In terms of scale, efficiency, and energy generation from cleaner and greener sources, the company is leading India’s energy transition. It has partnered with NITI Aayog to strengthen India’s Net Zero efforts. Currently, NTPC has 3.5 GW renewable energy Gurdeep Singh CMD, NTPC By 2032, NTPC is looking to expand its power capacity based on non-fossil fuel to 45-50% of the company’s portfolio. This will include renewable energy capacity of 60 GW and a total portfolio of 130 GW. operational capacity with nearly 20 GW in pipeline. The company has already commissioned India’s largest floating solar plant of 100 MW at Ramagundam in Telangana. With this, it has achieved the largest floating solar portfolio of 262 MW in India. These initiatives signal steady progress in renewables along with the conventional business. Further, it is expanding into new areas like green hydrogen, waste-to-energy, energy storage and nuclear energy. It is also the first energy company to declare its energy compact goals as part of the UN High-level Dialogue on Energy (HLDE). Amidst challenges and uncertainties, NTPC has achieved remarkable financial results, demonstrating strong growth and a commitment to providing reliable, affordable, and clean power supply. NTPC actively pursuing a "just transition" by incorporating clean energy into its portfolio. This will not only reduce carbon emissions but also contribute to a cleaner and more sustainable energy future. NTPC has committed to championing the circular economy through multiple avenues of ash utilization and waste-to-wealth projects. Its ash utilization has almost doubled from 41% in 2015-16 to 83% in 2022-23. To complement its primary business of power generation, NTPC is diversifying into consultancy, power trading, power professional training, rural electrification, coal mining and e-mobility. Today, NTPC is recognised as one of the finest workplaces in the country. It is ranked as the 1st Independent Power Producer in the S&P Global Energy Company rankings-2022; 10th largest among Indian companies (Global Rank: 433) in Forbes Global 2000 companies (2023); 16th in Fortune India 500 Companies (2022) and is the only Indian public sector undertaking to be featured in the Forbes World’s Best Employers list 2023. While India is marching ahead as one of the world’s top five economies, NTPC is well poised to walk alongside the country to fulfil its energy requirements. • Rojmal (50 MW) Ramagundam Floating Solar (100 MW) Gadarwara (2x800 MW) Green Hydrogen Mobility, Leh
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