Jul 1 2016 | India Opportunities

NTPC to spend Rs.30,000 crore in 2016-17

Power sector major NTPC Ltd plans to increase its electricity generation capacity and is likely to spend Rs.30,000 crore in 2016-17. The demand is picking up due to ongoing efforts of the Government to turn around distribution companies under the Ujwal Discom Assurance Yojana (UDAY). The company is also gearing up to increase its share of electricity generation through renewable sources. The Government of India aims to generate 100 GW of solar power by 2022 and out of this NTPC aims to produce 10GW. In the current year the company plans to add 1,000 MW of wind power.