NTPC to spend Rs 21,000 cr on capex, generate 340 BU power in FY21

• The Maharatna PSU signed a memorandum of understanding (MoU) with the Ministry of Power on Wednesday, enunciating its financial and non-financial targets

• According to the MoU, the power PSU will look to raise Rs 98,000 crore from operations

New Delhi: In FY2020-21, state-run NTPC Limited aims to spend Rs 21,000 crore on capex and generate 340 Billion Units (BU) of electricity, an official statement said. The Maharatna PSU signed a memorandum of understanding (MoU) with the Ministry of Power on Wednesday, enunciating its financial and non-financial targets. The signing of the MoU with the administrative ministry is an annual event in the public sector. Under the pact, the PSU agrees to meet the targets set for the financial year by the administrative ministry.

NTPC to raise Rs 98,000-cr revenue from operations

According to the MoU, the power PSU will look to raise Rs 98,000 crore from operations, the statement said. It will also aim to produce 15 Million Tonnes (MT) of coal during the year. 

The present installed capacity of NTPC Limited is 6,2,910 MW (including 11,755 MW through JVs and subsidiaries), comprising of 70 NTPC stations (24 coal-based stations, 7 combined cycle gas and liquid fuel based stations, 1 hydro based station, 1 wind-based station), 25 Joint Venture stations (9 coal-based and 4 gas based) and 12 renewable energy projects. The company aims to achieve a total installed capacity of 130 GW by 2032.

NTPC to tender 3,304 MW RE projects

With a view to push the share of Renewable Energy (RE) projects to 32 GW by 2032, at least 3,304 MW of projects are under tendering  process, NTPC had said in August. While 2,104 MW of this capacity will be developed in EPC mode, 1,200 MW will be handed over to developers. "NTPC being the largest power producer in the country is best placed to support intermittent nature of Renewable energy sources. Our base plants will play a key role in taking care of RE integration through flexibilization," the power PSU said.

Also read: NTPC invites bids for procurement of biomass pellets to co-fire thermal power plants

By 2032, nearly 25 percent of NTPC's overall energy portfolio will comprise of RE source.

The company is also currently implementing 1,500 MW solar power projects in 10 countries through the International Solar Alliance (ISA). The company is also actively looking at East Asia, Middle East and Africa for business opportunities.

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