LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » India News

NTPC to focus on clean energy, EV charging infrastructure

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Wed, Sep 20, 2017
05:19 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

State-run power giant NTPC will add 32 GW of clean energy by 2032, in addition to its plan to create 15 GW of solar capacity under National Solar Mission, a top company official said today.

The power giant is also creating electric vehicle charging infrastructure in the country.

NTPC has been a traditional thermal power player with a large number coal based plants.

Presently, the NTPC Group's total installed capacity stands at 51,698 MW, which includes 800 MW of hydro, 870 MW of solar and 40 MW of wind capacities.

The company plans to create space for itself in clean energy segment.

"Renewable Energy is an area of immense opportunities as well as challenge for your company. It has the long term target to add 32 GW of RE capacity by 2032. This is in addition to the 15 GW of solar capacity that your company is helping the country to achieve, through National Solar Mission," NTPC Chairman and MD Gurdeep Singh said in his speech at annual general meeting of the company held today.

However, Singh expressed concerns saying that rapid addition and the plummeting tariffs of solar power will present challenges in terms of lower PLFs (plant load factor) of thermal power plants.

Elaborating further, he said the integration of increasing renewable energy into the grid will entail flexible operation of thermal power plants, which will have bearing on energy rates as well as plant life.

On the other hand, he said the NTPC's large portfolio with flexible generation capabilities will open up opportunities in providing ancillary services.

Talking about the government's thrust on electric vehicles, he said it will also go a long way in presenting opportunities for NTPC.

"It (electric vehicles) will not only reduce oil imports, and urban pollution, but also increase power demand. Your company is planning to have a strong presence in the electric vehicle charging infrastructure market," he added.

The steps taken to use coal efficiently helped NTPC to reduce per unit cost by nearly 40 paise in 2016-17 as compared to 2014-15, which resulted into savings of more than Rs 8,000 crore to the states over these two years.

Singh also told shareholders that by fully transitioning to Goods and Services Tax, while helping its vendors and suppliers to adopt it, the company reduced the energy tariff by over 5 paise per unit of electricity.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

Have car? You will have to pay up to Rs 5,000 fine in case of this big mistake

PNB account holder? Alert! Do this before March 31 or you won't be able to transfer money

7th Pay Commission latest news today: Big salary hike for central government employees? Centre to announce DA gift this Holi?

Delhi Metro Services Details on Republic Day 2021: VERY IMPORTANT news about partial regulation of trains for daily commuters; red alert issued

7th Pay Commission Latest News: Salary up to Rs 2.08 lakh plus NPA; take the first step to get this government job available on upsc.gov.in

The Kapil Sharma Show set to go off air? Reasons REVEALED? Check report

Budget 2021 will be historical if government cuts taxes, IIFL Founder Nirmal Jain tells Anil Singhvi

In chat with Anil Singhvi, Yes Bank MD Prashant Kumar reveals 3-point action plan

Republic Day Parade 2021: When and where to watch live telecast of R-Day Parade - timing to traffic routes, all details here

Budget 2021 Stocks With Anil Singhvi – HUL is a TOP stock from budget standpoint, says Expert Rahul Arora

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved