NITI Aayog and NTPC Sign SoI to develop Net Zero GHG emissions Roadmap for NTPC

FPJ BureauUpdated: Sunday, July 24, 2022, 10:45 PM IST
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NTPC Ltd, the country’s largest integrated power producer signed a Statement of Intent (SoI) with NITI Aayog to develop the Net Zero GHG emissions Roadmap for NTPC. Paving the pathway towards greening the power sector of the country, the SoI seeks to formalize a framework of cooperation between the parties to facilitate NTPC to strategies on diversification of its generation mix to eventually reduce its carbon footprint and support India's endeavour towards achieving net zero by 2070 .

As the Government of India has announced the ‘Panchamrit’ goals during CoP 26, NITI Aayog is working on the development of different scenarios/ pathways for achieving Net Zero by 2070. With 17% of installed generation capacity of the country, NTPC meets around 24% of the country's power requirement. With this collaboration, NTPC would be able to utilize the expertise of NITI Aayog’s energy team for

• Development of Net Zero GHG emissions Roadmap for NTPC to align with GoI’s ‘Panchamrit’ goals

• Emissions and energy (portfolio mix) modelling including development of scenarios for 2030, 2037, 2047 and 2070

• Assistance in establishment of Carbon Management Unit (CMU) in NTPC with the aim of integrating all GHG reduction initiatives under one umbrella

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