As India aims to switch over to electrical vehicles by 2030, NTPC, the India’s largest energy conglomerate is exploring opportunities to seek a pan-India licence to set up charging stations for electrical vehicles across India. Presently, the total installed capacity of the company is 51,635 MW with an ambitious blue print to be a 130,000 MW Company by 2032. This plan has a large share of solar energy of around 30,000 MW. The company’s foray into charging stations for electrical vehicles (EVs) will give a major boost to its business plans as it will offer it an opportunity to enter the lucrative market of direct selling around 90 billion units of power.
NTPC generating stations have been operating at very high efficiency level right from their inceptions. Presently, although the company owns 17.73% of the national capacity, it contributes 24% of total power generated in the country. NTPC already has pan-India presence which will help it to quickly spread up the electrical vehicle charging business across the length and breadth of the country and face well the emerging competition in the charging business. Later on the company may also aim into battery and other associated business like having battery banks and swapping the fully charges batteries with the drained batteries. The company is aiming for synergy in the EV charging business as it plans to use the renewable energy produced for the charging stations. It is understood that NTPC is already working on technologies to bring down the cost of charging stations to as low as Rs. 50,000 to Rs. 1,00,000.
India’s switch over to electrical vehicles is aimed to cut down the vehicular emission as well as fuel imports.
Under the Electricity Act, 2003, currently the distribution licence is required to be obtained by a distributing company from the respective state electricity regulatory commissions (SERCs). If government decides to grant pan-India licence to NTPC for EV charging vehicles, the present laws need to be amended.
It is certainly going to cheer up the electrical vehicle industries as NTPC would be able to offer cheaper energy due to its synergy in the business and continuous fall in the cost of electricity generation from the solar and other renewable energy plants.