A Special Purpose Vehicle is being set up jointly by NTPC and other Central Power Sector Undertakings as a Registered Society to take up afforestation and environmental measures in order to reduce the carbon dioxide in the atmosphere. The objectives of the Society shall be to: Undertake fruitful channelising of investments by members to increase the national forest cover. Identify suitable lands for afforestation for power projects of NTPC and other members through Ministry of Environment and Forests (MOEF) which will coordinate with the State Forest Departments/District Rural Development Authority etc. Facilitate quick procurement of forest clearance for the forestland proposed to be acquired by NTPC and other members for the future projects to be set up.
To address increasing concerns related to the environment and to improve environmental performance, the services of Tata Energy Research Institute (TERI) have been engaged for providing consultancy services to the Ministry of Power on CDM.
Established in November 1975 for nation's Sustainable Power Development, National Thermal Power Corporation Ltd. (NTPC) is today India's largest power utility with an installed capacity of 21,749 MW (19% of India's installed capacity) contributing to 26% of total generation in the country, with high availability factor of its power plants. NTPC has plans to double its capacity. NTPC has recently diversified into the hydro sector and formed for joint venture companies for distribution, R&M, etc. Environment Management is a high priority area in the company and several Policies have been formulated to ensure generation of green power.