NTPC has unveiled its most ambitious expansion plan to date, signalling a profound transformation in India’s energy landscape. The state-run power producer intends to invest approximately ₹17 trillion, equivalent to ₹17,00,000 Crores, by 2037.

This investment will be directed towards significantly increasing electricity generation capacity while simultaneously expanding renewable energy and nuclear power.

The company currently operates about 91 GW of generation capacity. It aims to raise this figure to 150 GW by FY2032 and ultimately to 250 GW by FY2037. The NTPC Group’s overall portfolio stands at 127 GW, which includes 91 GW in operation and 36 GW under construction. This scale of expansion underscores NTPC’s central role in India’s energy security and decarbonisation strategy.

Renewable energy will be the primary driver of NTPC’s growth. The company has set a target of 60 GW of renewable capacity by FY2032 and 136 GW by FY2037.

This represents a dramatic increase from the current 12 GW in operation. To support the integration of such a large share of clean power, NTPC is also investing heavily in energy storage projects, which are essential for balancing supply and demand.

Coal-based generation will continue to expand alongside renewables. NTPC has stated that coal, renewable energy backed by storage, and nuclear power will remain the three pillars of India’s energy security. Its coal-fired capacity, currently at 67 GW, could rise to around 91 GW under present plans. This reflects the government’s pragmatic approach of balancing clean energy growth with reliable baseload supply.

Nuclear power is another area of focus. NTPC plans to develop about 6 GW of nuclear capacity by 2037. Looking further ahead, it has set a long-term target of 30 GW by 2047.

The company is actively exploring suitable project sites across multiple Indian states to realise this ambition. Nuclear energy is seen as a critical component of India’s strategy to diversify its energy mix and reduce carbon emissions.

This expansion plan represents not only a financial commitment of ₹17,00,000 crore but also a strategic shift in India’s power future. By combining coal, renewables, storage, and nuclear power, NTPC aims to ensure energy security while meeting the country’s climate goals.

The scale of the investment and the targets set for 2032 and 2037 highlight the company’s determination to remain at the forefront of India’s energy transition.

Agencies