3 days ago
NTPC signs pact with SEforALL to develop clean energy transition roadmap
New Delhi: India's largest power utility
NTPC
has signed an agreement with
Sustainable Energy for All
(SEforALL) to develop a comprehensive clean energy transition roadmap aligned with India's net-zero target by 2070.
The roadmap will include modelling of multiple scenarios reflecting NTPC's short-, mid-, and long-term strategic horizons, estimating investment needs, identifying diversification opportunities, and mapping the socio-economic impacts of shifting to cleaner energy systems.
According to NTPC, the collaboration will support the company's broader energy strategy which includes research and deployment of green hydrogen pilot projects, floating solar photovoltaic systems, battery energy storage systems, pumped storage hydropower, and carbon capture and utilization.
Established in 1975, NTPC has committed to installing 60 GW of renewable energy capacity by 2032. The company currently contributes around 25 per cent of India's electricity generation. It has an additional 32 GW under construction, including 13 GW of renewable energy capacity.
In 2021, NTPC became the first major utility in India to sign a UN Energy Compact with defined renewable energy targets. The company has expanded into solar, wind, and hydro, in addition to its existing thermal power portfolio.
'Our aim is to foster responsible, sustainable economic development through an energy strategy that champions energy security, social inclusiveness, environmental stewardship, and growth powered by data, technology, and innovation. This agreement positions us to meet the rising demand from communities and industry while keeping us at the leading edge of the energy transition,' said
Gurdeep Singh
, Chairman and Managing Director, NTPC.
'India continues to show climate leadership on the global stage moving beyond commitment to concrete actions while demonstrating that the energy transition in emerging countries can co-exist alongside economic development. We are excited to support NTPC to co-create net zero roadmap for the energy giant of India. I laud NTPC for its commitment to transitioning to cleaner energy sources,' said
Damilola Ogunbiyi
, CEO and
Special Representative
of the UN Secretary-General for Sustainable Energy for All.
SEforALL will work closely with NTPC to align the company's energy transition roadmap with India's energy security priorities and development agenda, including the country's goal to reach 500 GW of non-fossil fuel capacity by 2030.
