NTPC plans Rs55,000 crore capex in three years

30 May 2009

India's largest power utility, National Thermal Power Corporation Ltd. (NTPC) said yesterday that the company plans to invest Rs55,000 crore ($11.6 billion) in the next three years to augment its power generating capacity by around 19,000 megawatt (MW). 

NTPC chairman and managing director R.S.Sharma told reporters that the total capital expenditure would be to the tune of Rs55,000 crore which is expected to generate a revenue of  around Rs80,000 crore by the end of FY12, a whopping 90 per cent up from the current level of Rs42,000 crore.

The fund requirement shall be met 70 per cent through debt from financial institutions and the balance 30 per cent from equity.

The company had planned to achieve a total capacity of 50,000 MW by 2012 from the present level of 30,144 MW.

''During the eleventh five year plan period (2007-2012) our aim is to add 22,000 MW to our installed capacity. In the first two years, we had commissioned around 2900 MW and work is in progress for another 18,000 MW. In 2009-10 our capital investment will be Rs17,700 crore,'' Sharma said.

The outlay will include Rs10,000 crore for doubling  the capacity of the Simhadri power plant in Andhra Pradesh to 2,000 MW from the current level of 1000 MW, and putting up another new 1,000 MW plant in Vallur, Tamil Nadu.