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| NTPC eyes 75,000 Mw by 2017, coal mines abroad |
| Press Trust of India / Mumbai Aug 03, 2009, 21:35 IST |
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Aiming to have 75,000 Mw power generation capacity by 2017, state-owned National Thermal Power Corporation (NTPC) today said it was looking to acquire coal mines overseas.
"We are currently generating 30,644 Mw now and plan to increase the capacity to 50,000 Mw by 2011-12 and to 75,000 Mw by 2016-17. Over 55 per cent of that will come from sources other than coal," NTPC Chairman and Managing Director R S Sharma said at an analysts' meet here.
Sharma said the company has commissioned 3,240 Mw capacity during the current Plan period starting 2007 and is implementing over 17,900 Mw capacity.
The NTPC chief said during the current fiscal, the company would invest Rs 17,700 crore on standalone basis and Rs 24,500 crore on the Group level. Last fiscal, NTPC had invested Rs 15,200 crore on the Group level.
NTPC has 15 joint ventures and six subsidiaries.
Sharma said by 2016-17, NTPC would have 10,000 Mw hydel capacity, 2,000 Mw from nuclear power and 1,000 Mw from renewable sources. It would have power from other green energy sources.
NTPC intends to fund its new projects with 70:30 debt-equity ratio, Sharma said, adding that internal accruals would be sufficient to finance the equity portion of the scheduled investments.
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