Tata Power Renewable increases renewable energy project portfolio to 12.3 GW with new project in Tamil Nadu

The Chairman of NTPC, Gurdeep Singh, announced on Thursday that the company plans to increase its operational capacity to 244 gigawatts and foresees capital expenditures of ₹16.86 trillion by 2037. These plans are aimed at strengthening the entire energy value chain.

Singh noted that the next decade will be one of the most significant growth periods in NTPC's history, as India's electricity demand will continue to rise amid economic expansion and improved living standards.

Speaking to shareholders at the company's 50th Annual General Meeting (AGM), he emphasized that the energy system structure will undergo rapid changes. He specified that the long-term power ambitions have been increased, with the goal now being to reach a generating capacity of 149 GW by 2032, including 60 GW of renewable energy, with the aim of reaching 244 GW by 2037, excluding energy storage.

NTPC's current capacity is around 91 GW. Furthermore, the chairman stated that the company plans cumulative capital expenditure of approximately ₹16.86 trillion until FY37, which will be distributed across thermal, hydro, pumped storage, renewables, battery storage, mining, and nuclear power. He added that this will be one of the largest investment projects undertaken by an Indian energy company.

NTPC's transformation goes beyond simply increasing generation capacity. The company is also developing competencies across the entire energy chain. Regarding nuclear energy, Singh called it one of the most crucial areas for NTPC's future growth, which aims to capture a 30% share of the ambitious national target of 100 GW of nuclear capacity by 2047 under the Nuclear Energy Mission.

NTPC, which is developing a 2.8 GW nuclear project in Rajasthan in a joint venture with NPCIL, is also interested in establishing standalone nuclear projects. Singh reported that studies and discussions are underway regarding an additional 34 sites in 13 states for nuclear projects and technologies. He stressed that atomic energy will complement both renewable and thermal generation, providing reliable, low-carbon electricity around the clock.

Going further, the chairman informed about the good progress of NTPC's synthetic natural gas project based on coal gasification. He noted that the project is developing with a capacity of 5.75 lakh tonnes per year. After launch, it will be the first such plant in India and will directly replace imported natural gas.

The NTPC Group achieved a record consolidated profit after tax of ₹27,546 crore in FY26, which is 15 percent higher than the previous year. The Group's EBITDA also increased to ₹60,564 crore, and the Group's net worth grew to approximately ₹2.03 trillion.

Hindustan Power announced the financial close of its 300 MW solar project in the state of Uttar Pradesh. The company stated that the project is progressing according to schedule and is intended to strengthen the growing renewable energy capacity in Uttar Pradesh.

According to the statement, Hindustan Power received loan approval of INR 1,135 crore from IREDA for its 435 MW/300 MW solar project located in Lalitpur district, Uttar Pradesh.

This project has a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Ltd (UPPCL) and was awarded to Hindustan Power following a competitive tender in 2025. It is among the largest solar projects being implemented in Uttar Pradesh and will contribute to meeting the state's growing energy demands through clean generation.

Ratul Puri, Chairman of Hindustan Power, noted that Uttar Pradesh is facing increasing energy demand amid growing attention to renewable energy sources, and projects of this scale will play a key role in strengthening the state's clean energy base.

Hindustan Power positions itself as a leading integrated power generation company in India, focusing particularly on the generation of renewable and transitional energy.