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NTPC plans Rs 30,000 cr capex in FY17 to increase capacity

NTPC plans Rs 30,000 cr capex in FY17 to increase capacity
"For the financial year 2017, the capex outlay of NTPC is Rs 30,000 crore to increase the power generation capacity. The capex of Rs 5,538 crore incurred in Q1 of FY17," NTPC Chairman and Managing Director Gurdeep Singh told reporters here.

During FY16, the company spent Rs 25,737 crore towards capex plans as against Rs 23,239 crore in the preceding year. "The company plans to raise Rs 15,000 crore through bonds in the current year," Singh said, adding that the fund raising is an ongoing programme for the company.

The company will be adding 4,500 mw of power generation capacity and hope to surpass the total capacity of 50,000 mw in the current fiscal, he said.

National Thermal Power Corporation has a total installed capacity of 47,178 mw through its 18 coal based, 7 gas based, 9 solar PV, one hydro and 8 subsidiaries/joint venture power stations.

During FY16, National Thermal Power Corporation group contributed 24 per cent of total electricity generated in the country with 15 per cent share of country's total installed capacity as on March 2016. The company has added 2255 mw capacity during the last fiscal.

The company has a capacity of over 24,000 mw under different phases of construction presently. 
Among the coal-based projects, it is setting up a 1,980 mw unit at Barh in Bihar, 2,400 mw unit at Kudgi in Karnataka, 1320 mw at Solapur in Maharashtra, 1600 mw at Lara in Chhattisgarh, 1600 mw at Gadarwara in Madhya Pradesh, 1320 mw at Tanda in Uttar Pradesh and 1600 mw at Telangana.

In the renewable energy space, the company has committed to central government for setting up 10,000 mw of renewable energy project during the next four to five years. It has commissioned 200 mw and 560 mw is under construction, Singh said.

In the overseas market, the company has set up 50:50 Joint Venture with Bangladesh Power Development Board to set up 2X660 mw thermal power project at Khulna in Bangladesh.

It has also set up 50:50 Joint Venture with Ceylon Electricity Board to undertake the development, construction, operation and maintenance coal based electricity generating station of 2X250 mw capacity at Trincomalee in Sri Lanka.

"The power generation company will diversify into fertiliser production," said Singh entering a regulated industry.

Last month, Prime Minister Narendra Modi unveiled the foundation stone at Gorakhpur, for the revival of gas-based Gorakhpur fertiliser plant, implemented by Hindustan Urvarak Rasayan Ltd, a joint venture between Coal India Limited (CIL) and National Thermal Power Corporation (NTPC). 

Coal India Ltd's July output falls way short of target
State-owned Coal India Ltd (CIL) on Monday said it produced 36.74 million tonnes of coal in July. The company's target for the month was 40.29 million tonnes (mt) of fossil fuel. The company produced 162.38 mt of coal in the first four months of the ongoing fiscal, which again is far short of the target of 172.72 million tonnes for the April-July period of fiscal 2016-17. The Government has set a production target of 598 million tonnes for CIL in the ongoing fiscal. The company is eyeing to double its production to 1 billion tonnes by 2020. 

Theongoing coal linkage e-auction for captive power plants (CPPs) — a process of transparent, consumer-friendly mechanisms rolled by Coal India Ltd for consumers of the non-regulated sector — has been rousing so far. During the first five days of the auction held, almost the entire quantity of 13.43 mt of coal offered, till then, has been booked by the captive power plant consumers. 

At the end of day five, 12.95 mt has been booked yielding good premium over the notified price. “With three more days to go before the closure, we are hopeful that the total quantity of around 18 million tonnes on the block for captive power plants would have an overwhelming response” said an 
official of Coal India Ltd. 
PTI

PTI

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