NTPC clocks 4.3% increase in power generation in FY21
State-run NTPC Ltd registered a 4.3% year-on-year increase in electricity generation for FY21 to 270.9 billion units (BU), India’ largest power generation utility said on Thursday.
The rise in power generation assumes significance, as it is a key indicator of the country’s economic recovery following massive disruptions during the covid-19 crisis. Energy consumption, especially of electricity and refinery products, is usually linked to overall demand in the economy.
“NTPC, India’s largest power generating company recorded its highest ever group generation of 314 BU in FY 21, a growth of 8.2% compared to previous year. On a standalone basis, NTPC generated 270.9 BU in FY21, an increase of 4.3% over the previous year,” the company in a statement said.
The NTPC Group has an installed power generation capacity of 65.81 gigawatt (GW) through 70 power projects and has 18 GW under construction. “NTPC also realized 100% of the billed amount from the Discoms and for the first time, realization crossed Rs. 1 lakh crore,” the statement added.
India’s peak electricity demand has also been low due to the precarious finances of some state-owned electricity distribution companies (discoms), which prevent them from procuring adequate power.
“NTPC group recorded highest ever single day generation of 1192.42 MU (Group) & 990.65 MU (NTPC).
