State-run NTPC Ltd, which has been unsuccessful in securing gas supplies from
NTPC has a total gas requirement of 16 million standard cubic metre per day and sources some part of its requirement of gas from the spot markets because supplies through long-term contracts are not available on account of global demand for gas exceeding supply. NTPC chairman and managing director R.S. Sharma confirmed the utility’s move saying that the proposal is at discussion stage and has not been firmed up, but NTPC is ready to build power projects for anyone who gives them LNG.
The company had adopted this approach to try and pre-empt Chinese firms from gaining the upper hand.
NTPC is seeking supplies for seven plants fuelled by gas or liquid fuel with a total capacity of 3,955MW, and its 740MW gas-based plant. All these plants are currently unable to utilize capacity efficiently because of fuel shortages. It has a power generation capacity of 30,144MW, which it plans to increase to 50,000MW by 2012. It is looking for gas blocks overseas but has been unsuccessful till date.crackcrack
| Company Name | CMP |
|---|---|
| NTPC | 397.85 |
| Tata Power | 436.00 |
| Adani Power | 203.30 |
| Power Grid Corp | 319.40 |
| Torrent Power | 1623.30 |
| View more.. | |
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