The National Thermal Power Corporation (NTPC) will add another 14,000 megawatts (MW) to its total capacity by the end of 2016-17.
The installed capacity of NTPC at present is 42,500 MW which includes the capacity addition of 10,000 MW in the last three years, Chairman and Managing Director Dr.Arup Roychowdhury said today during a press conference in Delhi.
Dr.Roychowdhury said the company aims to become 1,28,000 MW utility in coming years.
The power company has registered a growth of 4.49 per cent of power in this fiscal year in comparison to the last fiscal.
The power production last year through the NTPC run power plants was 222.068 billion units which increased to 232.028 billion units.
The coal stations of the company also registered a growth of 6.67 per cent. In the last fiscal the production from coal station was 199.054 units which has reached 212.39 units this fiscal. On the front of plant load factor, NTPC has scored over other power producers. The plant load factor at the coal station run by NTPC on an average was 87.63 per cent while the national average of PLF was 69.93 per cent.
The NTPC also said its bond issue to raise up to Rs 1,750 crore will open on Tuesday. This is the state-run company's first bond issue after a gap of over 20 years.
"The issue will open on December 3, 2013, and is scheduled to close on December 16, 2013," Choudhury told reporters here at a company's conference. Under the scheme, the company will issue tax-free secured redeemable non-convertible bonds.
"The base issue size aggregates to Rs 1,000 crore with an option to retain over-subscription up to Rs 750 crore for issuance of additional bonds, aggregating to up to Rs 1,750 crore," the company said. The company says the money raised through the bonds will be utilized towards funding of capital expenditure and refinancing for meeting the debt requirement in ongoing projects.
The company continues to command dominant share in the power production with 27.37 per cent of total power produced. The installed capacity of the company is 18.44 per cent of the total in the country. For consecutive three years, the company has been performing at the peak capacity in power production scenario. The company added 4170 MW in the year 2012-13 while in 2011-12 the company added 2820 MW of power and in 2010-11 the power addition by NTPC was 2490 MW.
The chairman said that currently 19,500 MW of projects are under execution and the state run company will soon place orders to procure power equipment for 5000 MW. The new projects that the company plans include Tanda (1320 MW), Daripalli (1600 MW) and North Karanpura (1980 MW).
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