NTPC to raise over Rs 1 lakh crore debt in 12th Plan period

Plans to add more than 14,078 MW during the period

The country's largest power producer, NTPC, plans to raise over Rs 1 lakh crore of debt to fund expansion in the current five-year Plan period ending March 2017.

The state-run utility, which has more than 41,100 MW of installed generation capacity, plans to add more than 14,078 MW during the 12th Plan period. Of this, 4,170 MW of capacity was commissioned in the first year (2012-13).

The company said the 12th Plan outlay has been finalised at Rs 1,52,341 crore, with debt to account for about Rs 1,01,406 crore.

Debt of Rs 11,133 crore has already been deployed during FY13 and debt of Rs 17,074 crore has been tied up and is yet to be drawn as on March 31, 2013, the power producer said in a presentation to investors on August 1.

NTPC said debt was mobilised on "most optimal rates from both domestic and international markets due to low gearing and healthy coverage ratios."

In the current financial year, NTPC expects to add 1,875 MW, besides 65 MW of solar capacity.

Projects with generation capacities of 20,064 MW are under construction, including thermal, hydro and solar plants.

According to NTPC, feasibility reports have been approved for projects with a total capacity of about 20,700 MW.

In the three months ended June, the company saw its net profit rise 1.1% to Rs 2,527.02 crore, while revenue from operations declined 3.1% to Rs 15,661.85 crore.