October 07, 2008

NTPC to borrow INR 105,000 crore to meet target in 11th Plan

PTI reported that National Thermal Power Corporation Limited is looking to borrow over INR 105,000 crore from domestic and overseas markets in the next 4 or 5 years to meet its target of adding 22,430 MW power generation capacity by 2012.

An NTPC official said that "Out of the INR 160,732 crore fund requirement during the 11th Plan, INR 55,224 crore will come from internal resources and the rest will be borrowed." He added that domestic borrowings are being pegged at INR 45,199 crore while external commercial borrowings are being tentatively pegged at INR 60,309 crore.

NTPC is also planning to invest INR 65,278 crore in coal and gas based power plants set for commissioning during the plan period. Another INR 7,525 crore is earmarked for hydroelectric foray and INR 14,080 crore in coal mining and LNG ventures, while INR 2,446 crore is the outlay for JVs and INR 4,897 crore the spillover investment from the previous plan.

In preparation for the 12th Plan projects, NTPC would invest INR 61,180 crore by 2012, including INR 41,981 crore for thermal plants and INR 15,926 crore for hydro units.

NTPC owns 15 coal based and 7 gas or liquid fuel plants with a total capacity of 27,350 MW. It also has 4 JV plants with a capacity of 2,044 MW. It plans to add 22,430 MW of new electricity generation units during 2007-12. Of this, 15,180 MW would be through coal based power generation, 4,550 MW through gas based generation and the balance from hydroelectric power.

The official further added that "Out of NTPC’s 11th Plan target, 1,990 MW has already been commissioned. Construction work is in full swing for another 16,680 MW projects. Contracts for the balance projects would be awarded in 2008."