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India’s Utility NTPC Bets Big on Coal


Contrary to the government’s avowed policy, coal will continue to remain the mainstay of India’s largest power generation company, NTPC Ltd. Even with India reiterating its commitment to the Paris climate accord in wake of President Donald Trump’s administration pulling out of it, NTPC is forging ahead to become the country’s second largest coal miner after Coal India Ltd. with plans for mega-buck investments in new coal-fired thermal power plants. Having made a mark as a coal producer from its captive coal mines in the current fiscal year, NTPC Ltd. aims to achieve coal production of 107 million metric tons per year (mtpy) over the next few years.

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