In a significant milestone for India’s power sector, the NTPC Group has achieved a remarkable feat by surpassing 400 Billion Units (BU) of total electricity generation in the fiscal year 2023-24. This accomplishment, announced on March 13, 2024, underscores the company’s relentless pursuit of excellence and its pivotal role in meeting the nation’s energy needs.
During the preceding fiscal year 2022-23, NTPC had generated 399.3 BU of electricity, making the latest achievement a testament to the company’s consistent growth trajectory. With an average Plant Loading Factor (PLF) of 77.06% for its coal stations, NTPC has demonstrated operational efficiency and reliability in power generation.
A highlight of the year was the record-breaking single-day power generation of 1,428 Million Units on September 1, 2023. This exceptional performance not only reflects the technical prowess of NTPC’s engineers but also underscores the effectiveness of the company’s Operation & Maintenance practices and systems.
NTPC’s commitment to delivering reliable and affordable power to the nation is further reinforced by its expansion endeavours. While the current installed power capacity stands at 75.4 GW, an additional 18 GW capacity, including 5 GW of renewables, is under construction. The company aims to achieve a formidable 60 GW of Renewable Energy capacity by 2032, aligning with India’s renewable energy targets and sustainability goals.
Beyond traditional power generation, NTPC has diversified its portfolio into emerging business areas such as e-mobility, Waste-to-Energy, and Green Hydrogen solutions. Additionally, the company has actively participated in the bidding process for power distribution in Union Territories, signalling its commitment to holistic energy solutions and infrastructure development.
As India’s largest integrated power utility, NTPC plays a pivotal role in meeting 1/4th of the country’s electricity requirement. With a diverse mix of thermal, hydro, solar, and wind power plants, the company remains steadfast in its mission to deliver reliable, affordable, and sustainable electricity to every corner of the nation.
