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NTPC’s New Projects to Add 18,000 MW capacity

NTPC-New-Projects-to-Add-18,000-MW-capacityPSU power major National Thermal Power Corporation is currently working on various new projects which will together add a new capacity of 18,000 mw electricity, NTPC Chairman, R.S. Sharma said recently.

The new capacities, being built across the country, are at present in different stages of construction.

R. S. Sharma said that the company is expected to make an investment of Rs 17,700 crore during the current financial year and majority of funding has already been tied up.

The Government-owned firm may go for private placement of bonds if necessary during the year, he said. Asked about the quantum of funds the company may raise, he said that it was not possible to decide on the quantum now.

He said it is only the government can say about it. “I am not aware about it.” On answering about whether the government is likely to further disinvest its stake in the company and whether there would be any follow-on offer.

Responding to queries on the dispute the company has over the KG gas with Reliance Industries, he said the case is subjudice and he would not like to say anything on the subject.