CHHATTISGARH (India CSR): In a significant move towards sustainable energy development, NTPC Limited, India’s largest power generation company, has announced an investment of Rs 96,000 crore in Chhattisgarh for various energy projects. The company, along with its subsidiary NTPC Green Energy Limited (NGEL), has signed multiple agreements with the Government of Chhattisgarh to develop nuclear, pumped hydro, and renewable energy projects in the state.
This initiative aligns with India’s vision of energy security and clean power transition, ensuring economic growth and sustainable development for Chhattisgarh.
NTPC Investment in Chhattisgarh
| Key Fact | Details |
|---|---|
| Total Investment | Rs 96,000 crore |
| Investment in Nuclear Power | Rs 80,000 crore |
| Investment in Pumped Hydro Storage | Rs 5,876 crore |
| Investment in Renewable Energy | Rs 10,000 crore |
| Nuclear Power Capacity | 4,200 MW |
| Pumped Hydro Storage Capacity | 1,200 MW |
| Renewable Energy Capacity | 2 GW |
| Location of Hydro Project | Sikaser, Gariyaband district, Chhattisgarh |
| Primary Goal | Boost energy infrastructure, job creation, and clean energy transition |
| Government Stake in NTPC | 51.10% (as of Dec 31, 2024) |
| Stock Market Impact | NTPC shares rose 0.64% to Rs 331.25, NTPC Green Energy shares rose 1.20% to Rs 96.12 |
Key Agreements Signed Under NTPC’s Investment Plan
1. Rs 80,000 Crore Nuclear Power Project
One of the most ambitious agreements signed is the establishment of a 4,200 MW nuclear power facility in Chhattisgarh. The Memorandum of Understanding (MoU) between NTPC and the state government marks a significant milestone in India’s transition to cleaner energy sources. The project, with an estimated investment of Rs 80,000 crore, aims to provide a stable and sustainable power supply, reducing dependence on fossil fuels.
2. Rs 5,876 Crore Pumped Hydro Storage Project
To enhance energy storage and grid stability, NTPC and Chhattisgarh State Power Generation Company Limited (CSPGCL) have signed an MoU to develop a 1,200 MW Pumped Hydro Storage Project at Sikaser, Gariyaband district. This Rs 5,876 crore project will store energy by pumping water to an elevated reservoir during off-peak hours and generating electricity during high-demand periods. This initiative will help balance renewable energy fluctuations and ensure reliable power supply in the state.
3. Rs 10,000 Crore Renewable Energy Initiative
In a push towards green energy, NTPC Green Energy Limited (NGEL) has entered into a Joint Venture Agreement (JVA) with CSPGCL to develop renewable energy projects with a combined capacity of 2 GW. This initiative, with an estimated investment of Rs 10,000 crore, is aimed at meeting Renewable Generation Obligation (RGO) and Renewable Purchase Obligation (RPO) targets for Chhattisgarh’s power distribution companies (DISCOMs).
With this investment, Chhattisgarh is set to expand its renewable energy footprint, reducing carbon emissions and promoting clean energy adoption.
NTPC’s Commitment to India’s Energy Transition
NTPC: A Powerhouse in India’s Energy Sector
NTPC Limited is India’s largest power producer, operating across the entire value chain of power generation. As of December 31, 2024, the Government of India holds a 51.10% stake in NTPC, reflecting its strategic importance in the country’s energy sector. The company has been leading the way in thermal, nuclear, hydro, and renewable energy expansion to ensure a sustainable and energy-secure future for India.
NTPC Green Energy Limited (NGEL): A Renewable Energy Leader
NTPC Green Energy Limited (NGEL) is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity. The company is at the forefront of solar, wind, and green hydrogen initiatives, accelerating India’s transition to clean energy sources. The Rs 10,000 crore renewable energy investment in Chhattisgarh is a testament to NGEL’s commitment to sustainable power generation.
Stock Market Reaction: NTPC and NGEL Shares Rise
Following the announcement of these mega investment plans, NTPC’s share price surged by 0.64% to Rs 331.25, while NTPC Green Energy Limited’s stock rose by 1.20% to Rs 96.12 on the BSE. Investors are optimistic about NTPC’s long-term growth strategy and its role in India’s clean energy transition.
Impact of NTPC’s Investment in Chhattisgarh
- Boost to Energy Infrastructure: The projects will enhance Chhattisgarh’s power generation capacity, making it a key hub for nuclear, hydro, and renewable energy.
- Economic Growth & Job Creation: The investment is expected to generate thousands of direct and indirect jobs, boosting local employment and economic activity.
- Sustainable Development: By focusing on clean and renewable energy, NTPC is contributing to India’s Net Zero goal and reducing the state’s carbon footprint.
- Improved Energy Security: The nuclear and hydro projects will provide a stable and reliable power supply, reducing dependence on coal-based power plants.
- Investment Magnet: The scale of NTPC’s investment is expected to attract more private and public sector investments in Chhattisgarh’s energy sector.
You Learn: A Major Step Towards Energy Self-Sufficiency
NTPC’s Rs 96,000 crore investment in Chhattisgarh is a landmark development in India’s energy transition. The nuclear, hydro, and renewable energy projects will strengthen power infrastructure, create jobs, and support sustainable growth.
With this initiative, Chhattisgarh is set to become a major energy hub, ensuring clean, affordable, and reliable power for future generations.
As India moves towards a carbon-neutral future, NTPC’s leadership in green and sustainable energy solutions will play a crucial role in shaping the country’s energy landscape.
(India CSR)
India CSR offers strategic corporate outreach opportunities to amplify your brand’s CSR, Sustainability, and ESG success stories.
📩 Contact us at: biz@indiacsr.in
Let’s collaborate to amplify your brand’s impact in the CSR and ESG ecosystem.
