New Delhi: NTPC Limited, the country’s largest power generating company, has been ranked No.1 independent power producers and energy traders globally in the S&P Global Commodity Insights Top 250 Global Energy Company Rankings®-2022. These rankings are based on four key metrics- asset worth, revenues, profits and return on investment.
According to a statement from the government, NTPC is not just India’s largest power producer; it is one of the key pillars sustaining India’s economic growth and development. With a share of 17% of the installed capacity, NTPC currently contributes 24% of the total electricity produced in India. NTPC’s goal has always been to deliver power that is economical, efficient, and ecologically sustainable. To meet this objective, it offers a diversified energy mix comprising gas, wind, solar, hydro, floating solar and coal.
By 2032, NTPC is targeting non-fossil fuel-based capacity to make up nearly 50% of the company’s portfolio, which includes renewable energy capacity of 60 GW and total portfolio of 130GW. In terms of scale, efficiency, and energy generation from cleaner and greener sources, the company leads the India’s energy transition. It has teamed with NITI Aayog for the net energy zero effort.
The total installed capacity of NTPC is 70234 MW. NTPC is expanding its footprint in new business areas like green hydrogen, waste-to-energy and e-mobility. India’s largest power producer is also aiming for a 10% reduction in net energy intensity by 2032. NTPC is the first energy company to declare its energy compact goals as part of the UN high-level dialogue on energy (HLDE).
Besides power generation, NTPC has diversified into producing energy through cleaner and greener sources such as hydro, wind and solar and also green hydrogen solutions. The power major has also forayed into a variety of business areas including fuel cells, e-mobility and waste-to-energy.