NTPC will float a tender to import four million tonnes of coal. This will be the first time the company will import coal directly. It has, till now, placed orders for importing coal to state-run firms Minerals & Metals Trading Corporation and State Trading Corporation.
“In the next financial year, we plan to import 16 million tonnes of coal. Of this, 12 million tonnes have already been arranged by STC and the remaining, we will do directly,” said Chairman and Managing Director, Arup Roy Choudhury. The tender will be floated by the end of this month.
NTPC will use 12.5 million tonnes of imported coal by the end of the current financial year. The company will also ask firms to deliver coal at their plants, Choudhury added. The state-run power firm will add about 3,150 Mw of capacity in the current financial year and plans to add 5,500 Mw in the next financial year. It has also set a target to raise its current capacity of 33,000 Mw to 75,000 Mw by March 2017.
NTPC will hire 10,000 engineers in the next 10 years as part of its expansion plan, according to S P Singh, director, HR. Currently, the company’s employee count stands at 25,000.
The company also aims to improve its man-to-Mw ratio — an indicator of the work force’s efficiency — to 0.50 by the end of the 12th Five Year Plan (2012-17), which, if achieved, would be a new global record. The company plans to increase its man-to-Mw ratio from the current 0.80 to 0.64 by the end of the 11th Plan.
