Energy Compact Goals
NTPC links its 'Energy Compact Goals' with sustainability as part of UN dialogue
Mumbai/IBNS: India's state-run largest power generator National Thermal Power Corporation Limited (NTPC) has become the first company in the Indian energy domain to declare its 'Energy Compact Goals' as part of the United Nations 'High-level Dialogue on Energy' (HLDE), the company said.
The energy conglomerate said it has set a target to install 60 GW of renewable energy capacity by 2032, adding that it is also aiming at a ten per cent reduction in net energy intensity by 2032.
NTPC is among the few organizations globally to declare its Energy Compact goals, it said.
Further, the company declared it will form at least two international alliances/groups to facilitate clean energy research and promote sustainability in the energy value chain by 2025.
The targets were unveiled in the recently held ‘Ministerial Thematic Forums for the HDLE’ event. The commitment from NTPC has been made public on the United Nations website.
The United Nations is set to convene a high-level dialogue in September this year to promote the implementation of the energy-related goals and targets of the 2030 Agenda for Sustainable Development, sources said.
The company claimed that it has been taking various steps in increasing its green energy portfolio by adding significant capacities of Renewable Energy (RE) sources. The Company officials added that it had earlier planned to have a minimum of 32 GW capacity through RE sources constituting nearly 25% of its overall power generation capacity by 2032.
This development will prove to be a huge boost for the nation’s largest energy producer that will catapult its position in the green energy map of the country, they said.
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