NTPC to Add 30 GW Thermal Power by 2031-32 Amid Rising Demand

NTPC, India’s government-owned power utility, has raised its coal-based power target to 30 GW by 2031-32, up from its previous plan of 26 GW. This move comes as power demand in the country continues to rise. 

Capacity Additions in FY25 and FY26 

In FY25, NTPC added 660 MW of thermal and 3.3 GW of renewable capacity. For FY26, the company plans to add 3 GW of coal-based power and 5 GW of renewable energy. The Indian government expects power demand to cross 270 GW this summer and has announced a national plan to add 80 GW of coal capacity by 2032 while also strengthening renewable energy sources. 

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Focus on Renewable and Nuclear Energy 

NTPC has been diversifying into other energy sectors, including wind, solar, hydro, nuclear, and green chemicals like ethanol and methanol. Looking ahead, it plans to speed up its investments in renewables, nuclear power, and energy storage solutions. 

To meet India’s target of 100 GW nuclear power capacity by 2047, NTPC will build 30 GW of nuclear capacity. It is already working on 2 nuclear plants of 2.8 GW total capacity with the Nuclear Power Corporation of India—one in Madhya Pradesh and the other in Rajasthan. Currently, India has 8 GW of nuclear power, run entirely by Nuclear Power Corp. 

Global Expansion and Consultancy Plans 

NTPC recently announced a 50 MW solar power project in Sri Lanka through its JV, Trincomalee Power Company, with the Ceylon Electricity Board. It also explores similar solar projects in Africa and Saudi Arabia. 

Additionally, NTPC is in talks with South African power company Eskom for possible operations, maintenance, or consultancy services. 

Boosting Nuclear Technology and Local Manufacturing 

The company has invited global firms to collaborate on indigenising pressurised water reactor (PWR) technology, aiming to build 15 GW of nuclear power capacity using local expertise. 

NTPC Green’s Ambitious Plans 

NTPC’s renewable energy arm, NTPC Green, in partnership with ONGC Green, is focusing on battery storage, wind energy (onshore and offshore), and green chemical projects. Their joint venture, ONGC NTPC Green, recently bought 100% equity in Ayana Renewable Power for ₹6,248.50 crore. 

NTPC Green aims to develop 19 GW of renewable energy capacity by 2026-27, with an investment of around ₹1 lakh crore. 

Entry into Power Distribution 

Besides power generation, NTPC is also considering stepping into the power distribution sector in the future. 

Share Price Movement

As of April 11, 2025, NTPC share price closed at ₹359.50, up ₹10.15 or 2.91% from the previous close of ₹349.35. The stock opened at ₹351.00 and traded in a range of ₹351.00 to ₹361.50 during the day, with a volume of 1,12,44,154 shares. NTPC’s 52-week range stands between ₹292.80 and ₹448.45, and the company holds a market capitalisation of ₹3,38,171 crore.

Conclusion 

As India’s energy demand surges, NTPC is positioning itself as a key player in both conventional and green power. With large-scale investments in thermal, nuclear, and renewable energy—alongside international expansion and entry into distribution—NTPC is set to play a major role in shaping the country’s energy future. 

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