State-owned National Thermal Power Corporation (NTPC) is likely to form long-term coal import tie-ups and excavation of its own mines to meet the shortfall from domestic sources. The company aims to increase its power generation capacity up to 70,000 MW by 2017, against current capacity of over 34,000 MW, of which a major share is contributed by coal-based thermal power plants.
In the past two months company suffered acute coal shortage at its thermal power stations in West Bengal, Jharkhand and Andhra Pradesh due to rains and strikes in various parts of the country. NTPC will require more domestic coal for this capacity expansion.
There are possibilities of reducing the price of coal through its own mining and long term import tie-ups, as it requires more domestic coal. At present, the company is engaged in expediting work at its projects. The company may also explore the possibility of long term Re-gasified Liquefied Natural Gas (R-LNG) contracts at lower prices.
Recently, National Thermal Power Corporation (NTPC), India’s biggest power generation utility has signed a contract agreement with Electricity Generation Company of Bangladesh (EGCB) on December 13, 2011 for providing operation and maintenance (O&M) services for the 2x120 MW gas based Siddhirganj Peaking power plant located near Dhaka in Bangladesh.
| Company Name | CMP |
|---|---|
| NTPC | 401.75 |
| Tata Power | 444.80 |
| Adani Power | 226.50 |
| Power Grid Corp | 320.50 |
| Torrent Power | 1753.30 |
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