NTPC’s planned invest is Rs. 21,000 Crs during FY12-13; nearly double of FY11-12…

NTPC is expecting to invest around Rs. 21,000 Crore during the current financial year of 2012-13 which is almost two times the actual investment during previous year of 2011-12. 

 

NTPC, which has an installed generation capacity of 37,514 MW, is looking to increase the capacity in the coming years, especially with thermal power projects.

Against the backdrop of acute coal shortages impacting the power sector, NTPC might have reduce capacity addition target for the 12th Five-Year Plan to little more than 50,000 MW from earlier target of 65,000 MW.

Regarding the company's long term strategy in terms of competitive bidding for power projects, Choudhury said that NTPC would always give a bid which is doable.

 

Meanwhile, NTPC is likely to import about 14 million tonnes coal this financial year. This would be much higher than 12 million tonnes imported in 2011-12.

NTPC posted nearly five per cent increase in consolidated net profit at Rs 9,814.66 crore for the year ended March 2012.

 

 

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More Literature on this topic:

• http://profit.ndtv.com/News/Article/ntpc-plans-nearly-rs-21-000-cr-investment-this-fiscal-304614
• http://article.wn.com/view/2012/05/18/NTPC_plans_nearly_Rs_21000_cr_investment_this_fiscal/

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Tata Power is looking for wind assets on sale…

Tata Power seems to be planning to develop the wind power portfolio through acquisitions of existing wind projects and for that purpose it is looking out wind power assets which are on sale.

 

Large no of firms are considering to sale out their wind power businesses which are not the mainstream of their earnings.

 

Recently, wind turbine maker Suzlon Energy sold stake in its wind energy farm to raise Rs 200 crore.

Tata Power, the private sector power company, was earlier also looking for such opportunities, but could not clinch a deal, as the expectations of sellers were high. However as said by Mr. S. Ramakrishnan, Executive Director, Finance of Tata Power, this time around, Tata would offer better prices for purchase of wind assets.

 

Tata Power has around 370 Mw of wind power capacity, and is implementing projects of another 140 Mw, for which it has already ordered equipment. It plans to add 150 Mw a year, along with 25 Mw of solar power.

 

Though, Tata Power’s main focus on Renewables is India, company is also considering to expand its scope overseas.

 

Currently also, Tata Power is having hydro power projects in Bhutan. It is also conducting studies on a geothermal power project in Indonesia and scouting for wind and solar projects in South Africa, in partnership with local mining company Exxaro.

 

Tata Power believes that the African country’s renewable policies offer unique advantages. The selection process lays emphasis on the preparedness of the bidder. For example, vendor support, land, transmission infrastructure commitment, in-principle sanction of loans and equity commitment.

 

However, the company is not too keen on entering a new geography for renewables, as the size of opportunity is not large enough. The Tata group is already present in South Africa, which prompted the company to foray into the African country. In Indonesia, Tata Power owns stakes in coal mines of Bumi Resources.

 

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More Literature on this topic:

• http://business-standard.com/india/news/tata-powerthe-lookout-for-wind-farmssale/474794/
• http://www.infraline.com/News/Tata-Power-On-The-Lookout-For-Wind-Farms-On-Sale-Planning-To-Build-Its-Wind-Power-Portfolio-Through-Acquisit/1/4/1/05_19_2012.htm
• http://smartinvestor.in/market/Compnews-117359-Compnewsdet-Tata_Power_on_the_lookout_for_wind_farms_on_sale.htm

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