NTPC, India’s largest power producer, plans to invest Rs three to four lakh crore to add 20 GW nuclear power capacity by 2047. The initiative aligns with the government’s target of achieving 100 GW nuclear capacity by the same year under the Viksit Bharat mission. NTPC's first nuclear project, the 2,800 MW Mahi Banswara plant in Rajasthan, will be a joint venture with the Nuclear Power Corporation of India (NPCIL).

Groundwork for the Rs 45,000-50,000 crore project is expected to begin by the end of this financial year, with NPCIL holding a 51 percent stake in the joint venture, Anushakti Vidhyut Nigam. NTPC plans to pursue nuclear projects independently after completing the Mahi Banswara venture but will not be involved in the 1,400 MW Chutka Madhya Pradesh Atomic Power Project, initially a joint endeavour with NPCIL.

In parallel, NTPC is heavily investing in renewable energy through its subsidiary, NTPC Green Energy. The company aims to achieve 60 GW of renewable capacity by 2032, likely reaching the target earlier by 2030 with an estimated investment of Rs 3.25 lakh crore. This includes solar, wind, and green hydrogen projects, as well as innovations in methanol, ethanol, and sustainable aviation fuel.

By 2026-27, 19 GW of renewable capacity is projected to be operational at an investment of Rs one lakh crore. Overall, NTPC plans to spend Rs five lakh crore on green energy projects by 2030, contributing significantly to the country’s long-term nuclear and renewable energy goals.