NTPC invites EoI from firms to invest 26% equity in cogeneration projects

NTPC Limited, a state-run power company, has opened invitations for commercial and industrial entities to invest 26 per cent equity in co-generation projects. The invitation was made to explore potential joint opportunities for establishing co-generation plants that can supply both steam and electricity to industrial users. These projects will function in tandem with integrated power supply frameworks that blend coal, renewable energy, and Battery Energy Storage Systems (BESS).

As industries place a growing emphasis on energy security, cost optimization, and sustainability, co-generation projects present an opportunity to boost overall energy efficiency by producing steam and electricity through an integrated system, according to NTPC.

The initiative seeks to cater to the varied energy needs of industries by offering reliable, economical, and sustainable energy solutions through long-term power supply arrangements. By venturing into captive and cooperative generation arrangements with heavy industrial consumers, NTPC aims to supplement its traditional supply contracts with advanced energy solutions tailored to industrial requirements.

The move aligns with the company's commitment to expanding its energy solutions portfolio and fostering partnerships with industries in pursuit of industrial decarbonisation and growth.

NTPC currently boasts an installed power generation capacity of over 91 GW, with additional pipeline projects exceeding 35 GW currently under construction. The utility has set a target to achieve 149 GW of total generation capacity by 2032, with 60 GW of that capacity originating from renewable sources. The utility's diverse operating asset base includes thermal, hydro, solar, and wind installations, all working in unison to maintain grid stability across the country.

Moreover, NTPC has diversified its operations into adjacent sectors, actively pursuing projects in e-mobility, energy storage, waste-to-energy, nuclear power, and green hydrogen solutions.