NTPC Limited, India’s largest electricity generation service, is a government-run Indian Public Undertaking which is involved in the production of electricity.
On January 18, 2021, NTPC achieved a lifetime power-output high of 1,009 million units. Apart from this, it also noted a gross cumulative generation of 222.4 billion units during the time period between April and December last year. The company reported the gross power output to be up by 3.8%.
The requirement of power/energy in a state is directly associated with general overall demand in the economy; the massive increase in power output can be viewed as a consequence and measure of the nation’s recovering economy as the COVID-19 pandemic becomes more manageable.
This increase in power output is one among several other shreds of evidence of economic recoveries like GST (goods and services tax) collections, mineral refineries, and railway freight showing a subsequent rise.
Raj Kumar Singh, Power & New and Renewable Energy Minister, voiced out a similar analysis of the situation saying that December 2020 witnessed a daily electricity consumption of 5-10 GW (gigawatts), which was higher than demands during the COVID-19 period.
He also went on to add that the pandemic has been handled well responding to which a rise in the national economy can be seen.
With new eco-friendly reforms starting to be put into place, the NTPC has started making plans to make the shift towards green energy. The Power Ministry currently has around 20GW of power capacity under the works, out of which 5GW will be obtained from renewable sources.
The NTPC has 70 power stations all over the country, with the current installed capacity standing at 63.63 GW.
For its clean energy portfolio, the NTPC aims to infuse minimum 1GW of solar projects and 1GW of wind energy projects which will help it achieve the 2032 target of 32GW of clean energy.
With a proposal to permeate Rs 1 trillion during the present term of the BJP Government, the energy giant seeks to gain a power output capacity of 130GW by 2032.