(FE)
State-owned integrated power utility NTPC Ltd plans to double production of coal from its mines to 70 million tonnes in the next three years, a senior official of the company told. The company’s plan to ramp up coal output comes amidst the surge in power demand which is estimated to rise 6-7% every year. In line with the expected surge, the government last year announced an addition of 80 gigawatt (GW) of new thermal capacity while increasing the share of renewable energy to 500 GW by 2030. In the current financial year 2024-25, the company has targeted to produce 40 million tonnes of coal, up by 16% from 34.38 million tonnes produced in FY24.
“Last year we produced around 34 million tonnes of coal and we will be crossing 40 million tonnes this fiscal. We will further increase our (coal) production to 70 million tonnes in the next three years,” the official said. The state-run power generation company and its units will also issue orders for 16.8 GW of new coal plants over the next three years, Finance Director Jaikumar Srinivasan had earlier said in an analyst call.
