State-run NTPC has set a capital expenditure of Rs 17,700 crore for this financal year.
Addressing the company annual general meeting, CMD R S Sharma said internal accruals were sufficient to finance the company's scheduled investment.
The company is exploring possibilities of acquiring coal mines abroad, especially in South Africa, Mozambique and Indonesia.
NTPC has set a target of setting up hydro power capacity of 9,000 MW, nuclear power capacity of 2000 MW, renewable energy of 1,000, MW by 2017, Sharma told the company's shareholders.