Reviving defunct plants instead of building new ones could help avoid undue investments in fossil fuels and prove to be a game changer for the company’s renewables ambitions.
India’s largest power producer, NTPC, is at a crossroads.
The state-owned company has to make a crucial decision: should it build more coal plants or acquire defunct ones? The answer could have a bearing on India’s energy security and transition to renewable energy.
NTPC’s expansion always relied on building new coal-fired plants or acquiring the government’s stake in already operational projects. Nearly a decade ago, its management contemplated buying out defunct coal plants that were lying unused. The idea remained stalled.
Until September last year, when it acquired a stranded power plant in Madhya Pradesh from the Avantha group to …
Azman writes on climate change, ESG, and how a warming world impacts businesses and people alike. Prior to The Morning Context, he led climate coverage at BloombergQuint, where he started his career as a desk writer.
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azman@mailtmc.com
Mumbai