NTPC Limited on Tuesday said it is well on course to meet its target of generating 10 GW solar energy as part of government’s view of 100 GW by the year 2022.
Gurdeep Singh, the CMD of the Company in a statement said NTPC’s commitment to add 10 GW solar energy out of government’s overall commitment of 100 GW (Solar) is well on target for the year 2022.
He also emphasized on maintaining PSU’s market leadership in the power sector through increase in renewable portfolio, while optimizing the operations of existing fossil fuel fleet.
Singh said that more than 90 per cent of the company’s current coal-based capacity addition is low carbon footprint, high efficiency as well as SC (super critical)/USC (Ultra Super Critical) units.
The Ministry of Environment & Forest Secretary A N Jha referred to NTPC’s dilemma as a responsible power generator to find new ways of providing power to feed the development needs of 1.2 billion people in the country and also ensuring minimum damage to the environment.
Jha also said technology holds the prime space in all development initiatives and is the most appropriate theme. He also praised the company’s contribution for improving the Carbon sink by planting one crore saplings in the country.
Technology imperatives of the power industry in the country is to be able to drive sustainable growth while reducing the carbon footprint as well as pursuing the best possible cost effective technologies to provide efficient, reliable as well as economically viable energy to support the GDP growth, CEA Chairperson S D Dubey in his address said.
The company’s Director A K Jha spoke of perspectives for the PSU in the Indian market context and informed that although India is most likely to meet the long term IEA projections on Energy Demand & Supply, the current mid-term will see a visible increase in coal-based generation in addition to renewables.
NTPC share price is currently trading at Rs 154.60, up by .29 per cent.
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