NTPC to power huge energy cost reduction: CMD Gurdeep Singh
Exuding confidence that Centre’s UDAY scheme will help revive debt stressed discoms, NTPC Ltd Chairman and Managing Director Gurdeep Singh on Monday said electricity demand is going to increase in future. The central government had launched UDAY scheme to help discoms reduce debt and improve their financial position which will ultimately help them buy power required for their customers. They were unable to buy power from generating firms despite having demand from their consumers.
NTPC Limited (previously known as National Thermal Power Corporation Limited) is an Indian PSU Public Sector Undertaking, engaged in the business of generation of electricity and allied activities.
It is a company incorporated under the Companies Act 1956 and a “Government Company” within the meaning of the act.
The headquarters of the company is situated at New Delhi.
Singh was addressing employees’ on 41st raising day of the company today at Engineering Office Complex at Noida.
He also spoke about efforts of NTPC’s to bring down energy charges by stopping import of coal, ensuring better quality coal through third party sampling and coal rationalisation.
Singh urged NTPC’s Power Management Institute and research arm NETRA to play a crucial role the company’s development.
NTPC is the third largest power company in terms of coal based power generation capacity, 2nd in PLF, 3rd in machine availability and 7th in terms of electricity generation, among the top twenty coal based power generating companies globally, which is a matter of great pride for NTPC family said Shri Gurdeep Singh, CMD ,NTPC addressing the employees on the occasion of 41st raising day of the company today. He also shared the new Vision and Core Values of the company on the occasion.
Speaking about Environment Management, he said NTPC has to ensure minimum impact on the environment from its power stations and carry forward the slogan “Low cost Low emission” to maintain its position as a leader in the sector.
NTPC is creating additional carbon sinks by planting one crore saplings during this financial year and the upcoming Telengana Thermal Power Project shall be most modern complying with the latest environment norms, he said.
Inclusion of safety as a Core Values is to ensure safe practices in all areas of Company’s operations, he added.
Singh lauded Team NTPC’s efforts for achieving highest generation on September 9, 2016, performance of Koldam Hydro project, start of work at Pakhri Barwadih coal mine, for being the first company to issue Masala bonds, Consultancy Wing for providing services to nearly 18000 MW projects in the country and construction of toilets for Swachch Bharat campaign under CSR.
State-run NTPC is the third largest power company in terms of coal based power generation capacity, and among top 20 coal based power generating firms globally.