NTPC set to become a coal behemoth in 5 years
In line with the government’s plans to boost domestic output of coal, India’s largest thermal power producer, NTPC Ltd, could soon become one of the major coal-producers of the country.business Updated: Oct 31, 2014 00:17 IST
In line with the government’s plans to boost domestic output of coal, India’s largest thermal power producer, NTPC Ltd, could soon become one of the major coal-producers of the country as well.
NTPC plans to produce up to 300 million tonnes of coal within the next four to five years, chairman and managing director Arup Roy Choudhury told Hindustan Times.
“As we expect more coal blocks coming to us, the company is confident of achieving a coal production of 300 million tonnes in the next five years. NTPC wants to be self-reliant in its coal requirements,” he said.
At present, the company meets 90% of its annual coal requirements of 160 million tonnes — or 144 million tonnes — from Coal India Ltd. With a total power generation capacity of over 43,000 MW, NTPC has in its fold ten coal blocks with reserves of around 5 billion tonnes and production potential of 100 million tonnes of coal.
These blocks and those to be allotted would cater to substantial requirement of the company’s generation capacity. “NTPC is making all efforts to extract these reserves as soon as possible to augment generation,” Choudhury said.
According to coal ministry sources, NTPC will be one of the biggest beneficiaries of coal block allocation to government companies, following the recent Supreme Court order on deallocation of coal linkages. “The government will soon sign agreements for 14 coal blocks for supporting capacity worth 30,000 MW,” sources said.
“Another three coal blocks with reserves of 220 million tonnes will be allotted to an eligible company (which could be NTPC) for mining.”