Power demand to rise in future: NTPC CMD

Centre's UDAY scheme will help revive debt stressed discoms, says NTPC Ltd Chairman and Managing Director Gurdeep Singh

Exuding confidence that Centre's UDAY scheme will help revive debt stressed discoms, NTPC Ltd Chairman and Managing Director Gurdeep Singh on Monday said electricity demand is going to increase in future.

The central government had launched UDAY scheme to help discoms reduce debt and improve their financial position which will ultimately help them buy power required for their customers. They were unable to buy power from generating firms despite having demand from their consumers.

Singh was addressing employees' on 41st raising day of the company today at Engineering Office Complex at Noida.

He also spoke about efforts of NTPC's to bring down energy charges by stopping import of coal, ensuring better quality coal through third party sampling and coal rationalisation.

Singh urged NTPC's Power Management Institute and research arm NETRA to play a crucial role the company's development.

Speaking about Environment Management, he said NTPC has to ensure minimum impact on the environment from its power stations and carry forward the slogan "Low cost Low emission" to maintain its position as a leader in the sector.

NTPC is creating additional carbon sinks by planting one crore saplings during this financial year and the upcoming Telengana Thermal Power Project shall be most modern complying with the latest environment norms, he said.

Inclusion of safety as a Core Values is to ensure safe practices in all areas of Company's operations, he added.

Singh lauded Team NTPC's efforts for achieving highest generation on September 9, 2016, performance of Koldam Hydro project, start of work at Pakhri Barwadih coal mine, for being the first company to issue Masala bonds, Consultancy Wing for providing services to nearly 18000 MW projects in the country and construction of toilets for Swachch Bharat campaign under CSR.

State-run NTPC is the third largest power company in terms of coal based power generation capacity, and among top 20 coal based power generating firms globally.