NTPC (NTPC) Investor Day 2024 summary

Growth and capacity expansion

• Targeting 130+ GW of capacity by 2032, including 60+ GW renewables; capex through 2032 estimated at ~₹7 lakh crore.

• 21,029 MW under construction: 9,214 MW renewables, 9,560 MW coal and 2,255 MW hydro; a further 26 GW was in advanced pre-construction or planning.

• Planned additions include 7 GW conventional and 16 GW renewable capacity over three years, plus 15.2 GW further conventional capacity over the next two fiscals.

• Plans call for 26 GW of new thermal capacity; 9.5 GW was under construction and ~8 GW in tendering, with remaining awards targeted within a year.

• Thermal additions are planned as brownfield expansions near mines; completed costs cited at ₹10–11 crore/MW and indicative energy charges at ₹3.5–5, subject to PPAs and regulated returns.

Fuel security and thermal operations

• Captive coal production reached 34 MT in FY24, up 48% YoY; target is to meet at least 25% of coal needs from captive mines by FY30.

• Coal production is expected to exceed 40 MT this year; eight mines have 86 MTPA peak capacity, rising to 91.6 MTPA with THDC’s Amelia mine. Commercial mine sourcing aims to reduce and ultimately eliminate imported coal needs.

• Thermal units totaling 13 GW have commissioned FGD, with the remaining 54 GW scheduled over the next three years.

• FY24 coal supply agreement materialisation was 92%; 9.6 MMT of coal was imported to augment stocks.

Energy transition and new businesses

• Strategic ambition is to build an integrated energy business by 2032, spanning renewables, green hydrogen and fuels, nuclear, green mobility and carbon capture.

• Mahi Banswara nuclear project with NPCIL is expected to begin groundbreaking within two months; JV ownership is 49%/51%. A 2.8 GW Rajasthan project is under consideration, and SMR technology is being explored with BARC.

• Nuclear construction costs were cited at ₹17–18 crore/MW and indicative energy charges near ₹7/kWh; longer-term ambitions are in the tens of GW, with sites under discussion across states.

• NEEPCO and THDC are developing 12 GW of non-fossil capacity by FY30, with estimated capitalisation of ₹75,000 crore; NEEPCO’s new Arunachal hydro projects total 2,626 MW.

• Green hydrogen plans include a 1,200-acre Pudimadaka hub, piped-gas blending, a green methanol pilot and a Ladakh mobility project; wider initiatives include green chemicals, storage and waste-to-energy.