India needs to tap hydro resources to achieve 500 GW RE capacity target says R K Singh


‘Development of water resources necessary for energy needs’

New Delhi. Union Minister RK Singh said that India will have to harness its water resources to achieve 500 GW of renewable energy capacity by 2030. He said this at a program organized on the 47th foundation day of public sector power company NHPC. The Union Minister for Power and New & Renewable Energy said, “Prime Minister Narendra Modi has set a target of installing 500 GW of renewable energy capacity by 2030. We will do that, rather we will exceed the target.” He said, “NTPC now needs to become a giant international company from a national company and it should dream of becoming the largest multinational company in the energy sector. He emphasized that NTPC needs to keep on making progress and increase its capacity to keep pace with the rapid increase in energy demand in the country.

The Union Power Minister said that the state-owned power company NTPC needs to keep moving forward as the demand for energy in India is increasing rapidly. NTPC celebrated its foundation day on Sunday itself on completing 46 years of excellence and leadership. On this occasion, the Union Minister appreciated NTPC for its contribution in nation building. According to an NTPC statement, Singh said, “NTPC is a specialized company. It is the largest energy provider of our country, which is the most important thing for development.” Union Power Minister interacted with senior management of NTPC and other dignitaries at PMI, NTPC-Noida on the occasion of Foundation Day of NTPC. Simultaneously addressed the employees and their family members through digital platforms. In his address, Singh shared the achievements, expertise and future goals of the company and also discussed the role of NTPC in transforming the energy sector of the country.

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