Priyanka Tiwari
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The government has begun the process of selecting the chairperson and managing directors for two National Public Sector Undertakings: NTPC Ltd and NHPC Ltd. These are two of the largest power companies in India.
The Public Enterprises Selection Board (PESB), based on its officials’ statements, is most likely at the peak of its selection phase for NTPC’s CMD. NTPC, which is the largest producer of electricity in India, has a market capitalization of nearly 3.2 lakh crore rupees. Public Enterprises Selection Board is expected to appoint a CMD with Gurdeep Singh’s retirement expecting to take place on July 31.
Applications of the post of CMD for NHPC, along with other posts, were issued via a notice from the power ministry on March 10 and must be submitted by the 11th of April. The position will be fulfilled after Raj Kumar Chaudhary retires on the last day of June.
NTPC has also been mandated by the Indian government along with NHPC to achieve set targets for the capacity in non fuel based power generation which is 500 gigawatts by 2030. This positions India to achieve its growing energy needs in the future.
In addition to tripling it’s $62 billion investment goal, NTPC plans on achieving 60GW of renewable energy capacity by 2032, which would place them at a combined total of 130 GW alongside their diversified fossil fuels. With this goal in mind, NTPC would also be aiming to become a 130 GW company by 2032. As of December 2024, NTPC’s reported installed capacity stand at 76.6 GW.
With NTPC’s expansions in Nuclear power, NHPC would also be able to expand on his previously set targets. This means that the 15% of Hydroelectrical projects under the jurisdiction of NHPC would see an expansion alongside the improved nuclear capabilities. As of December 31, NHPC reports their installed capacity stands at 7,232.90 MW.
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