MoneyWorks4Me

NTPC plans to raise $250 million via green bonds: Report

20 Jun 2016 Evaluate

NTPC, one of the largest power generators in the country, is reportedly planning to raise up to $250 million by selling rupee-denominated offshore green bonds by the end of July 2016. The company had revised its corporate plan to add more wind and solar power projects to its portfolio. The company is also planning to add 2,500 MW of conventional capacity and at least an equal amount of renewable plants every year. The company has capex requirement of about Rs 30,000 crore in FY17. The government has set a target of producing 175 gigawatt clean power by 2022. Power generators such as NTPC can play a crucial role in this endeavor.

NTPC recorded highest ever gross generation of 241.98 BU during the year 2015-16. NTPC coal stations achieved a PLF of 78.61% during the year 2015-16, which is highest among Central, State and Private Sector companies in the country. NTPC Group recorded Gross Generation of 263.42 Billion Units during the year 2015-16.

 

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
View more..