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Market Chatter: India's NTPC Targets Low-Capacity Coal-Led Power Generation Amid Renewable Push

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New Delhi-based power producer NTPC (NSE:NTPC, BOM:532555) is considering using sub-critical coal plants that can operate at as little as 25% capacity to improve grid flexibility so more renewable energy sources can be accommodated, Bloomberg News reported Friday, citing an emailed statement from the company.

The state-run firm is seeking vendors to build units of up to 250 megawatts each. The move comes as insufficient hydropower, gas-fired generation, and battery storage capacity increase dependency on coal-powered plants to balance intermittent renewable power, the report said.

NTPC's thermal fleet already operates at a minimum load of 55% during periods of low demand to help accommodate solar energy, it said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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