State-run NTPC Ltd today said it has chalked out a capital expenditure plan of Rs 30,000 crore in 2016-17 to add another 4,500 MW power generation capacity to meet rising electricity demand.
“For the financial year 2017, the capex outlay of NTPC is Rs 30,000 crore to increase the power generation capacity.
The capex of Rs 5,538 crore incurred in Q1 of FY17,” NTPC Chairman and MD Gurdeep Singh told reporters here.
During FY16, the company spent Rs 25,737 crore towards capex plans as against Rs 23,239 crore in the preceding year.
“The company plans to raise Rs 15,000 crore through bonds in the current year,” Singh said, adding that the fund raising is an ongoing programme for the company.
The company will be adding 4,500 MW of power generation capacity and hope to surpass the total capacity of 50,000 MW in the current fiscal, he said.
NTPC has a total installed capacity of 47,178 MW through its 18 coal based, 7 gas based, 9 solar PV, one hydro and 8 subsidiaries/joint venture power stations.
During FY16, NTPC group contributed 24 per cent of total electricity generated in the country with 15 per cent share of country’s total installed capacity as on March 2016. The company has added 2255 MW capacity during the last fiscal.
The company has a capacity of over 24,000 MW under different phases of construction presently. Among the coal-based projects, it is setting up a 1,980 MW unit at Barh in Bihar, 2,400 MW unit at Kudgi in Karnataka, 1320 MW at Solapur in Maharashtra, 1600 MW at Lara in Chhattisgarh, 1600 MW at Gadarwara in Madhya Pradesh, 1320 MW at Tanda in Uttar Pradesh and 1600 MW at Telangana.
In the renewable energy space, the company has committed to central government for setting up 10,000 MW of renewable energy project during the next four to five years. It has commissioned 200 MW and 560 MW is under construction, Singh said.
In the overseas market, the company has set up 50:50 JV with Bangladesh Power Development Board to set up 2X660 MW thermal power project at Khulna in Bangladesh.
It has also set up 50:50 JV with Ceylon Electricity Board to undertake the development, construction, operation and maintenance coal based electricity generating station of 2X250 MW capacity at Trincomalee in Sri Lanka.
“The power generation company will diversify into fertiliser production,” said Singh entering a regulated industry.
Last month, Prime Minister Narendra Modi unveiled the foundation stone at Gorakhpur, for the revival of gas-based Gorakhpur fertiliser plant, implemented by Hindustan Urvarak Rasayan Ltd, a joint venture between Coal India Limited (CIL) and NTPC.