NTPC to repurpose coal-based plants in renewables push
01 Dec 2022
2 Min Read
CW Team
The National Thermal Power Corp is planning an aggressive push in the renewable energy segment and repurposing their existing coal-based plants, according to NTPC chairman and managing director Gurdeep Singh.
鈥淲e will go for an aggressive push for solar, hydro, wind, and repurposing of our existing coal-based plants,鈥� Singh said in a panel discussion at a KPMG-hosted event in New Delhi.
He added that though the state-run giant will increase its renewable energy share in its power mix, this does not mean that NTPC will shut down its coal-based plants.
The NTPC Group had an installed power generation capacity of 69,134 MW at the end of July 2022, including coal-based capacity of 56,800 MW, gas-based capacity of 6,400 MW, hydropower capacity of 3,700 MW and 2,000 MW (2.8% of the total) of renewable energy.
On the role of natural gas in energy transition, Rajarshi Gupta, managing director of ONGC Videsh (OVL), speaking at the same event, said that gas is not a transition fuel, but rather a transformative fuel.
鈥淥VL has a dream to be a vehicle for transferring renewable energy technology to India from other nations,鈥� said Gupta.
The KPMG鈥檚 two-day ENRich 2022 event was on the theme 鈥楧ealing with energy and resources trilemma鈥�.
See also:
Indore plans India's first retail municipal green bond for solar plant
Yadadri thermal plant likely to be operational next year
The National Thermal Power Corp is planning an aggressive push in the renewable energy segment and repurposing their existing coal-based plants, according to NTPC chairman and managing director Gurdeep Singh.
鈥淲e will go for an aggressive push for solar, hydro, wind, and repurposing of our existing coal-based plants,鈥� Singh said in a panel discussion at a KPMG-hosted event in New Delhi.
He added that though the state-run giant will increase its renewable energy share in its power mix, this does not mean that NTPC will shut down its coal-based plants.
The NTPC Group had an installed power generation capacity of 69,134 MW at the end of July 2022, including coal-based capacity of 56,800 MW, gas-based capacity of 6,400 MW, hydropower capacity of 3,700 MW and 2,000 MW (2.8% of the total) of renewable energy.
On the role of natural gas in energy transition, Rajarshi Gupta, managing director of ONGC Videsh (OVL), speaking at the same event, said that gas is not a transition fuel, but rather a transformative fuel.
鈥淥VL has a dream to be a vehicle for transferring renewable energy technology to India from other nations,鈥� said Gupta.
The KPMG鈥檚 two-day ENRich 2022 event was on the theme 鈥楧ealing with energy and resources trilemma鈥�.
See also: Indore plans India's first retail municipal green bond for solar plantYadadri thermal plant likely to be operational next year
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
