NEW DELHI: NTPC chairman and managing director Gurdeep Singh on Thursday said the company was working to increase its operating capacity to 244 GW and incur capital expenditure of nearly Rs 17 lakh crore by 2037 to expand across the entire energy value chain.Speaking at company’s annual general meeting, Singh said the next decade will be one of the most significant periods of growth in NTPC’s history, with rising electricity demand requiring a combination of scale, flexibility and reliability.NTPC’s revised plan envisages cumulative capex of around Rs 16.9 lakh crore up to FY37 across thermal, hydro and pumped storage, renewables, battery storage, mining and nuclear. The company is targeting 149 GW of capacity by 2032, including 60 GW of renewable energy, and 244 GW by 2037, excluding storage.“India’s electricity requirement will continue to rise as the economy expands and living standards improve,” Singh said, adding that storage, hydro, pumped storage, flexible thermal generation and digital technologies would provide the flexibility needed as the power mix changes.
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The company added a record 9.6 GW of capacity in FY26, taking its installed capacity to around 89 GW. Nearly 60% of the capacity added during the year came from non-fossil sources. NTPC generated 432 billion units of electricity in FY26, accounting for about 24% of India’s total generation.Singh said NTPC was building an integrated energy platform spanning conventional generation, renewable energy, storage, nuclear, mining, power trading and new energy technologies.Nuclear power is expected to be a major growth area, with NTPC aiming to contribute around 30 GW towards India’s 100-GW nuclear capacity target by 2047. The company is currently focused on the 2.8-GW Mahi Banswara project in Rajasthan, while studies and discussions are underway for additional sites.Singh said the company would focus on disciplined capital allocation and maintaining a strong balance sheet as it undertakes the large investment programme.
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