2 min read
Journalism of Courage
Premium
This is an archive article published on March 13, 2008
NTPC invests Rs 13,000 cr for adding 2,700 MW
As part of its ambitious plan to become a 50,000-MW company by 2012, state-run NTPC Ltd...
As part of its ambitious plan to become a 50,000-MW company by 2012, state-run NTPC Ltd on Thursday said it will invest Rs 13,000 crore for adding 2,700 MW capacity during the next financial year.
8220;Our spending plan is Rs 13,000 crore for FY8217;09. We will add 2,700 MW capacity,8221; NTPC chairman and managing director T Sankaralingam said. On funding, he said it would be a mix of equity and debt in a 30:70 ratio. 8220;Our spending plan for FY8217;08 was Rs 11,000 crore,8221; he added. As part of the 11th Five Year Plan, NTPC aims to become a 50,000-MW company by 2012. Sankaralingam said that the company is seeking three million LNG import from Nigeria.
Earlier, the CMD had said NTPC would sign an agreement with NHPC, PFC and TCS by March-end to set up the country8217;s third power exchange, after it parted ways with NCDEX upon failing to reach consensus on certain key issues. NTPC planned to partner NCDEX to float a power exchange.
The exchange proposed to rope in seven promoters, including National Stock Exchange, Power Grid Corp and Tata Power. However, the proposed venture faced hiccups with power sector regulator Central Electricity Regulatory Commission CERC barring Power Grid from participating in any power exchange. CERC had also asked NTPC to form a separate subsidiary for floating the power exchange.
NTPC is the most valued company among listed power PSUs with a market capitalisation of more than Rs 1,60,000 crore.
Advertisement
Live Blog
PHOTOS
Top Stories
Advertisement
Must Read
Advertisement
Buzzing Now
- 01
- 02
- 03
- 04
- 05
Advertisement