The Hindu Business Line : NTPC to add 3,300 MW this fiscal

Mumbai, June 6 NTPC has firmed up a capex plan of Rs 17,700 crore for this fiscal, while its joint ventures and subsidiaries are expected to incur an additional Rs 6,825.80 crore.

Mr R.S. Sharma, Chairman and Managing Director, NTPC, said at a press conference here on Friday that the group’s total outlay was Rs 24,525.80 crore, an increase of 61.5 per cent over the previous year.

The company signed a loan agreement for Rs 10,000 crore with Power Finance Corporation last June.

In February, it tied up with the Life Insurance Corporation of India for Rs 1,000 crore to fund projects relating to power generation and coal mining, besides renovation and modernisation.

As of March 31, 2009, it has sourced funds aggregating Rs 32,489.30 crore from banks and financial institutions for its capacity addition programmes.

NTPC plans to add 3,300 MW capacity this year, of which 1,320 MW would come from Sipat stage I, 500 MW each from Kahalgaon stage II and Korba stage III, and 980 MW from Dadri stage II. A total of 22,430 MW has been planned during the XI Plan and capacity under construction is 17,930 MW.

On fuel supplies, Mr Sharma said domestic sourcing accounted for 124.3 million tonnes and imports 6.41 mt last year.

NTPC was also looking at acquiring coal assets in Indonesia and Mozambique.

This apart, land acquisition was in progress for the Pakri Barwadih coal block and a mining plan approved for the Chatti Bariatu and Kerandari blocks.

On strategic initiatives, Mr Sharma said NTPC had inked a deal with the Nuclear Power Corporation of India for setting up power projects, besides diversifying into manufacturing power plant and infrastructure equipment with BHEL through a joint venture.

It also tied up with Bharat Forge last June to form a joint venture, BF-NTPC Energy Systems (49:51), to manufacture casting, forgings, fittings and high pressure pipes for the power sector and other industries.

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