NTPC registers highest ever power generation of 400 BU in FY23, a growth of 10.80%

NEW DELHI- NTPC Ltd, India’s largest integrated power generator, has registered the highest-ever power generation of 400 BU in FY23, a growth of 10.80% via-a-vis the previous year. NTPC continues to demonstrate an upward trend in coal production from its captive mines with coal production of 23.2 Million Metric Tonnes (MMT) with a robust growth of over 65% vis-à-vis the previous corresponding year.

NTPC has taken several steps to augment the coal production from its coal mines. The use of high-capacity dumpers as well as an increase in the existing fleet size of excavators has allowed the operational mines to increase production.

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NTPC has set an ambitious goal of reaching half its installed capacity through RE by 2032, to serve the nation and support its decarbonisation goals. During the financial year, FY 23, the company registered a growth of 24.24% in a non-fossil portfolio. NTPC Group installed capacity stands at 71594 MW.

NTPC is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. Since then it has established itself as the dominant power major with presence in the entire value chain of the power generation business. From fossil fuels it has forayed into generating electricity via hydro, nuclear and renewable energy sources.

This foray will play a major role in lowering its carbon footprint by reducing green house gas emissions. To strengthen its core business, the corporation has diversified into the fields of consultancy, power trading, training of power professionals, rural electrification, ash utilisation and coal mining as well.

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NTPC became a Maharatna company in May 2010. As of January 2020, there are 10 Maharatnas CPSEs in India. NTPC is ranked No. 1 Independent Power Producer(IPP) in Platts Top 250 Global Energy Company rankings.

The total installed capacity of the company is 71,594 MW (including JVs) own stations include 33 coal based,  11 gas based, 1 Hydro 1 Wind 29 Solar and 1 Small hydro plant. Under JV, NTPC has 9 coal based, 4 gas based, 8 hydro based and 5 renewable energy projects. The capacity will have a diversified fuel mix and by 2032, non fossil fuel based generation capacity shall make up nearly 30% of NTPC’s portfolio.

NTPC has been operating its plants at high efficiency levels. As on 31.03.2020 the company had 16.78% of the total national capacity and, it contributes 20.96% of total power generation due to its focus on high efficiency.

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