NTPC plans to triple generation by 2017
The state-run power producer says it will also strengthen its focus on hydroelectric projects, coal mining and nuclear plants.india Updated: Sep 19, 2006 15:09 IST
State-run NTPC Ltd on Tuesday said it plans to triple its power generation capacity to 75,000 MW by 2017 while strengthening its focus on hydroelectric projects, coal mining and nuclear plants.
The company would add about 21,941 MW capacity during the 11th plan (2007-12) at an estimated expenditure of Rs 1,60,000 crore.
NTPC would have an installed capacity of about 51,000 MW by 2012 and more than 75,000 MW at the end of 12th plan, from 26,194 MW at present, company Chairman and Managing Director T Sankarlingam told shareholders at the annual general meeting.
The public sector company will start coal production from one of the eight mines allocated to it by December 2007. NTPC was also looking to acquire coal mines abroad as part of efforts to ensure fuel security, he said.
Sankarlingam said the company is buying natural gas from the spot markets as a short-term measure to run its gas-fired plants.For the long term, the firm was exploring opportunities for participation in the gas value chain including exploration and production, he said.
Giving details of generation projects, he said NTPC is currently working on plants with a total capacity of more than 11,000 MW. The company has also taken up three integrated coal mining and power projects with a capacity of 10,400 MW.
NTPC's generation portfolio would have increased share of hydro power, he said, adding that by 2017 a total of 9,000 MW of hydro capacity would be developed.
From a long term perspective, nuclear power was a good option, he said, adding the company was in touch with the government for setting up a nuclear project.