NTPC CMD Arup Roy Choudhury said on Thursday that the public sector utility would be able to achieve the 12th Plan target of capacity addition of 14,000 MW.
?We may achieve or surpass the target given to us for the 12th Plan period,? Choudhury told mediapersons on Thursday. He was here to attend the Rath Yatra on an invitation by chief minister Naveen Patnaik.
The NTPC chief?s confidence stems from the fact that the company has already installed 4,000 MW in the first year of the Plan period. Currently, 20,000 MW is under execution. In the 11th Plan period, NTPC had surpassed the target by installation of 9,600 MW of power against a target of 9,200 MW.
Choudhury said that NTPC will invest R1,50,000 crores on capacity expansion over the 12th Plan period.The company will invest R20,000 crore this year on capex, as it did last year.
NTPC plans to tap foreign funds by issuing overseas bonds to finance the projects. ?We have raised funds overseas with less than 3% rates,? said Choudhury, adding, ?The company is proposing to raise 30% of its loan in overseas markets and 70% in the domestic market.?
Saying that NTPC will have to produce 100 million tonne of coal per annum from its captive mines to feed the plants, the chairman said that the mining operation will be like that of a full-fledged coal company. NTPC has five coal mines and it may get another four.
?But we will still need to source from Coal India and other sources as our requirement would be 230-240 million tonne,? said Choudhury.
On introduction of pooling cost of coal, the chairman said that NTPC should not be bothered about it. ?We are in the generation business; we will pass on the cost to the consumer,? he said. According to him, the state electricity boards and the power distribution companies, which buy power, will be affected by it.