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NTPC targets 10% reduction in net energy intensity by 2032

State-run power company NTPC Limited is aiming to reduce its net energy intensity by 10 per cent by 2032.

Announcing its Energy Compact targets as part of the United Nations High Level Dialogue on Energy, NTPC has also set a target of installing 60 GW of renewable energy capacity by 2032.

The company said that NTPC is one of the few organizations globally to announce its energy compact targets.

In addition, the power generation company has announced that it will form at least two international alliances by 2025 to facilitate clean energy research and promote sustainability across the energy value chain.

The goals were unveiled at the recently held Ministerial Thematic Forum for the HDLE event. The commitment of NTPC has also been made public on the website of the United Nations, the statement said.

The United Nations is set to hold a high-level dialogue in September 2021 to promote the implementation of the energy-related goals and targets of the 2030 Agenda for Sustainable Development.

NTPC is taking several steps to enhance its green energy portfolio by adding significant capabilities of Renewable Energy (RE) sources. The company had earlier planned to have a minimum capacity of 32 GW through RE sources, which is about 25 per cent of its total power generation capacity by 2032.

This development will prove to be a huge impetus for the country’s largest energy producer, which will strengthen its position in the green energy map of the country.