NTPC Limited first energy company to declare its Energy Compact Goals 

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.