State-run NTPC is likely to exceed the thermal capacity addition target of 11,920 MW set by the government for the 12th five year plan. “The company has made the single largest thermal capacity addition (8,445 MW) during the 12th Plan so far and is well on course to exceed the target of 11,920 MW set by government,” NTPC CMD A K Jha said while addressing shareholders at the 39th AGM here on Friday.
A K Jha further said that the power sector has shown a new vibrancy along the value chain in contributing to the economy through higher generation output and other performance indicators in line with the Government’s upgraded mission of providing ‘24X7 power for all’ by 2019. IMF and the global economic community are looking at India for supporting the turnaround of the global economy and IMF has stated that “India is a bright spot in the global economy” he added.
Highlighting the strong fundamentals of Indian economy Shri Jha said that it is primarily driven by domestic demand and with Infusion of new direction and energy through programmes like ‘Make in India’, ‘Digital India’ and expediting of critical infrastructure projects ‘PRAGATI’ augur well for its growth. Speaking on NTPC’s achievements he informed the shareholders that present installed capacity of the company is 45,548 MW and the company has made the single largest thermal capacity addition (8,445 MW) in the country during the 12th Plan so far and is well on course to exceed the target of 11,920 MW set by Government of India.
In keeping with its stature as the market leader he said NTPC is marching towards its long term capacity addition target of 128 GW by 2032. The Company has over 23,000 MW capacity under construction and nearly 9,500 MW capacity is under bidding. Feasibility reports for about 16,600 MW have been approved. Talking of company’s strategy for inorganic growth, he said company has signed an MoA with Government of Jharkhand to form a JV Company for performance improvement and expansion of Patratu Thermal Power Station (770 MW) with proposed capacity expansion of 4,000 MW.
The present installed capacity of the company is 45,548 MW. Jha, who is NTPC’s Director (Technical), took additional charge as Chairman and Managing Director as an interim measure earlier this month. NTPC has over 23,000 MW capacity under construction and nearly 9,500 MW is under bidding, he said, adding that the feasibility reports for about 16,600 MW have been approved. The company has signed a Memorandum of Agreement (MoA) with Jharkhand government to form a JV company for performance improvement and expansion of Patratu Thermal Power Station.
NTPC is marching towards its long-term capacity addition target of 128 GW by 2032, he said. Jha added that the country’s economy, power sector and NTPC itself have shown remarkable resilience by posting impressive achievements amid challenges. “The power sector has also shown a new vibrancy along the value chain in contributing to the economy through higher generation output and other performance indicators in line with the government’s upgraded mission of providing 24X7 power for all by 2019,” he said.