During his tenure, the company’s installed capacity crossed 75 GW. NTPC kept generating nearly one-fourth of India’s total electricity even though its share of total capacity is smaller. The company also pushed hard into solar, wind and other clean energy projects.

Green hydrogen and carbon-capture work also started under his watch. Plant efficiency stayed strong and the financial results remained steady year after year. These steps helped NTPC stay the backbone of India’s power sector.

Pandey, who is currently serving as the Additional Chief Secretary in the Micro, Small and Medium Enterprises and Textiles Department of the West Bengal government, will lead the public sector undertaking for a five-year term or until he reaches the age of superannuation, whichever occurs earlier.

His transition to the helm of Damodar Valley Corporation is highly significant given the organization’s critical role in managing power generation and infrastructure across Jharkhand and West Bengal. This leadership transition follows the retirement of the previous permanent DVC Chairman, S. Suresh Kumar, on May 31. Following his exit, NTPC Chairman and Managing Director Gurdeep Singh had assumed additional charge of the top post for a two-month interim period, which is scheduled to conclude on July 31, paving the way for Pandey to take over his new responsibilities shortly.

NTPC showcased a range of renewable energy and sustainability-focused innovations before the high-level delegation, highlighting opportunities for enhanced cooperation between India and Myanmar in the energy sector. The delegation toured NETRA’s advanced pilot facilities, including a 4 MW/1 MWh solar microgrid, a 3 MWh vanadium redox flow battery energy storage system, a green hydrogen hub, and an agri/municipal solid waste gasification-to-power plant. According to NTPC, the visit underscored India’s progress in renewable energy, energy storage, green hydrogen, and waste-to-energy technologies, while paving the way for greater collaboration through technology exchange, capacity building, and sustainable energy development.

Gracing the occasion, Shri Gurdeep Singh, Chairman and Managing Director, NTPC Limited, spoke about the evolving energy transition scenarios and the opportunities available for NTPC in this changing landscape. Shri Jaikumar Srinivasan, Director (Finance) made a presentation highlighting NTPC’s transformation into an integrated energy conglomerate.

Through a series of presentations, NTPC and its group entities showcased their commitment to sustainable growth aligned with the Viksit Bharat vision of the Government of India. Leading credit rating agencies, such as Moody’s, S&P Global Ratings, Fitch Ratings, and CAREdge shared their perspectives on India’s sovereign rating, the power sector, and NTPC’s credit profile.

The meet also featured an interactive question-and-answer session, during which NTPC’s management addressed queries and observations raised by participants. The event was attended by NTPC’s senior leadership team, along with CEOs and CFOs of major group companies.

The Lenders’ Meet enabled meaningful engagement between NTPC, its group companies, lenders, and credit rating agencies, reinforcing mutual trust and collaboration in support of the company’s future growth plans.

NTPC currently operates over 85 GW of installed capacity, with 32 GW under construction, and has set an ambitious target to scale up to 149 GW, including 60 GW of renewable energy capacity, by 2032, and further to 244 GW by 2037. The roadmap envisages a capital expenditure of approximately Rs 7 lakh crore, with expansion plans across energy storage systems, pumped storage projects, nuclear power, green hydrogen, and chemicals.

With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity to the nation. The company is committed to adopting best practices, fostering innovation, and embracing clean energy technologies for a greener future.