NTPC Ltd.

State-owned power producer, National Thermal Power Corporation (NTPC) has envisaged interest for financially teaming up with Singareni Collieries Company (SCCL) to jointly develop some of the latter's viable mines in Andhra Pradesh. The power producer is planning to pick up coal assets to fuel its expansion.  The company has offered to bring in investments for SCCL, provided if the latter is willing to identify viable mines that can be jointly developed.

SCCL, which has a turnover of over Rs 8,936 crore, has lined up a capital expenditure of Rs 11,500 crore for the Twelfth Plan. This includes Rs 3,500 crore for expansion of mining capacity and Rs 7,000 crore for a Greenfield power plant in the State. NTPC is a consultant for SCCL for the proposed coal-fired power plant and possibly sees synergies while executing the project.

Recently, the company reported that it is likely to spend over Rs 25,000 crore to set up two power projects in the state during 12th five-year plan. It aims to break the ground for its two proposed super thermal power projects (STPP) with 1,600 MW capacity each at Darlipali in Sundargarh and Gajmara in Dhenkanal district this year.