National Thermal Power Corporation (NTPC) is considering to invest around Rs. 89 Billion for developing its own coal mines and subsequently reduce the share of imported coal.
Company is aiming to reduce the imported coal's share of its total consumption from 21% at present to 10% within three (3) years.
Further, the move will also help NTPC to reduce its dependence on Coal India Limited (CIL), the largest coal mining company of India.
Thus, NTPC's plan to get into coal mining business will assist the company to attain fuel security, both in terms of quality and quantity.
As estimated by the company, due to this move, coal imports will decline from 24 Million tonnes this year to as low as 13 Million tonnes by 2017.
So far, the company has already spent around Rs. 14 Billion in the six (6) mines which have been allotted to them and further plans include Rs. 75 Billion capital outlay in next four (4) years.
Six Coal Blocks/mines allotted to NTPC includes:
- Pakri Barwadih
- Chatti Bariatu
- Kerandari
- Dulanga
- Talaipalli
- Chatti Bariatu (South)
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Really GOOD NTPC way of working towards self sustaining the needs to perform the best in the area Power. Congratulations.
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