NTPC Limited first energy company to declare its Energy Compact Goals 

  • IASbaba
  • July 1, 2021
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NTPC Limited first energy company to declare its Energy Compact Goals 

Part of: GS Prelims and GS -III – Energy Sector

In news

  • National Thermal Power Corporation (NTPC) Limited has become the first energy company in the Indian energy domain to declare its Energy Compact Goals as part of UN High-level Dialogue on Energy (HLDE).
    • NTPC is India’s largest power generating company which is under the Ministry of Power.
  • The United Nations is set to convene a high-level dialogue (HLD) in September, 2021 to promote the implementation of the energy-related goals and targets of the 2030 Agenda for Sustainable Development.

About Energy Compacts 

  • It is a platform to unite and connect commitments and actions.
  • They are being mobilized by UN-Energy throughout the current Decade of Action.
  • They form part of commitments that will advance progress on one or more of SDG7’s three core targets.
    • SDG7 calls for “affordable, reliable, sustainable and modern energy for all” by 2030.
    • SDG 7 three core targets: Access to energy, Renewable energy, Energy efficiency.
  • These are voluntary commitments from Member States and non-state actors

About NTPC Energy Compact Goals

  • It has set a target to install 60 GW of renewable energy capacity by 2032. 
  • It is also aiming at 10% reduction in net energy intensity by 2032.
  • NTPC has declared that it will form at least 2 international alliances/groups to facilitate clean energy research and promote sustainability in the energy value chain by 2025.

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