NTPC targets 75K MW by 2017; FY07 net up 16%BS Reporter / New Delhi April 5, 2007NTPC, the country's largest power generating company, has posted a 15.57% jump in net profit for FY07 at Rs 6,726.4 crore as against Rs 5,820.2 crore in FY06. Net sales were up 17.20% during the financial year to Rs 30,638.7 crore compared to Rs 26,142.9 crore in FY06, according to provisional numbers released by the government owned company.This growth was more or less in line with last year, when profit and revenue were both up 15%.According to T Sankarlingam, chairman and managing director, the company is targeting to increase power generation capacity to 50,000 MW by 2012 and 75,000 MW by 2017 from just over 26,000 MW at present. For 2008, it is expecting to add 3,160 MW of generating capacity.To achieve this, the company has tied up loans worth Rs 20,334.4 crore from domestic and international financial institutions.The company has adopted a multi-pronged strategy to increase capacity, which include expansion of existing plants, setting up greenfield units and acquiring power plants of state electricity boards.The power generator is also expecting to boost margins by improving operating efficiencies. All coal based stations of NTPC performed at the highest ever plant load factor (PLF) of 89.43% compared to 87.54% last year.The generating utility is also foraying into hydroelectric and nuclear power generation. The company has a target to add 2,000 MW of nuclear power capacity in the middle of the 12th Plan. "Talks are on with nuclear equipment manufacturers", Sankaralingam said.One of the strategic initiaves that NTPC has taken in equipment manufacturing is to enter into manufacturing joint venture (JV) with Transformers and Electricals Kerala (TELK). Sankralingam didn
