NTPC, India's largest power producer, plans to raise a whopping Rs 1,12,000 crore in debt to finance its capacity expansion projects envisaged over the next 10 years. The state-owned company has charted a plan to raise its generation capacity from 27,000 MW to 75,000 MW by 2017 for which it plans to raise money from the financial markets including from foreign shores.
"We will require around Rs 1,60,000 crore over the next 10 years for which we are looking at a debt equity ratio of 70:30," NTPC Chairman and Managing Director T Sankaralingam told media.
"We are definitely looking at the foreign markets for raising money and are confident of mobilising all the resources from both domestic and foreign markets," he said. For the 11th Five-year Plan, NTPC plans to increase production capacity to 51,000 MW.
The company, which currently accounts for 20 per cent of the country's power generation, has already started work on capacity expansion.
Last week, it started work on the expansion of its Dadri thermal power plant. It is expanding its generation capacity by adding 2x490 MW from the present 4x210 MW. It also produces 817 MW power from gas at Dadri.
This apart, NTPC is undertaking a 1,000-MW expansion project at Simhadri Power Plant near Visakhapatnam and is also setting up a 1,000 MW power plant at Ennore before March 2007.
"For the almost 25,000 MW capacity to be added during the 11th Plan, we will require Rs 80,000 crore," Sankaralingam said. The company also has plans to set up two hydro power projects in Arunachal Pradesh, a 4,000 MW hydel project at Italin and a 500 MW plant at another location.
Asked whether the company has sufficient coal linkages for feeding the additional capacity to be generated during the 11th Plan, Sankaralingam said, "We have seven coal blocks and have applied for another two blocks. We meet 20 per cent of our coal requirement from our own blocks and rest will be supplied by Coal India." Of the seven coal blocks, the first coal mine - Pakri Barwadih is scheduled to commence from 2008.
Recently, the company announced that it entered into a joint venture with Bharat Earth Movers (BEML) to maximise coal production through deployment of fleet of equipment required for mining and to engage BEML as mine developer for coal blocks owned by the company. NTPC is the country's largest power generation company
"We will require around Rs 1,60,000 crore over the next 10 years for which we are looking at a debt equity ratio of 70:30," NTPC Chairman and Managing Director T Sankaralingam told media.
"We are definitely looking at the foreign markets for raising money and are confident of mobilising all the resources from both domestic and foreign markets," he said. For the 11th Five-year Plan, NTPC plans to increase production capacity to 51,000 MW.
The company, which currently accounts for 20 per cent of the country's power generation, has already started work on capacity expansion.
Last week, it started work on the expansion of its Dadri thermal power plant. It is expanding its generation capacity by adding 2x490 MW from the present 4x210 MW. It also produces 817 MW power from gas at Dadri.
This apart, NTPC is undertaking a 1,000-MW expansion project at Simhadri Power Plant near Visakhapatnam and is also setting up a 1,000 MW power plant at Ennore before March 2007.
"For the almost 25,000 MW capacity to be added during the 11th Plan, we will require Rs 80,000 crore," Sankaralingam said. The company also has plans to set up two hydro power projects in Arunachal Pradesh, a 4,000 MW hydel project at Italin and a 500 MW plant at another location.
Asked whether the company has sufficient coal linkages for feeding the additional capacity to be generated during the 11th Plan, Sankaralingam said, "We have seven coal blocks and have applied for another two blocks. We meet 20 per cent of our coal requirement from our own blocks and rest will be supplied by Coal India." Of the seven coal blocks, the first coal mine - Pakri Barwadih is scheduled to commence from 2008.
Recently, the company announced that it entered into a joint venture with Bharat Earth Movers (BEML) to maximise coal production through deployment of fleet of equipment required for mining and to engage BEML as mine developer for coal blocks owned by the company. NTPC is the country's largest power generation company
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