India’s NTPC weighs new coal plants as coal phase-out in the country waits

indias ntpc new coal plants

India’s state power giant NTPC Ltd. said it might have to add new coal power capacity to meet the country’s surging demand for electricity, a policy shift triggered by recent energy shortages.

Gurdeep Singh, chairman at NTPC, said it was too early to talk about a coal phase-out, and it would take India 2-4 decades, if not more, to completely phase out coal.

Singh said it’s clear that the road ahead leads to a clean energy transition but cautioned against knee-jerk closures of coal-powered electricity plants.

Singh also said at the end of the day, the first thing NTPC needed to look at was whether it could provide 24/7 reliable, affordable power.

NTPC is not alone in reviving coal plans—some Indian states are also considering setting up new projects after recent supply disruptions that led to widespread blackouts this summer.

Soaring energy prices and surging demand are forcing governments and businesses to reevaluate the importance of fossil fuels, even as they risk heating the planet. Li Keqiang, Premier of the People’s Republic of China, said China’s abundance of coal needed to be put to good use for the nation’s energy security and that of the world.

Coal accounts for nearly 82% of the capacity at NTPC and its joint ventures. The firm last year announced a plan to double its renewable power target to 60 gigawatts over the next ten years.