India's largest power generation company NTPC today said it has set an ambitious target of becoming a 128,000 MW capacity firm by 2032.
NTPC has a total installed capacity of 34,854 MW and will add 4,980 MW, including Sipat 660 MW unit, during 2011-12.
It has 14,088 MW capacity under construction and projects worth 18,471 MW are in the bidding process. Besides, it has approved feasibility reports for 14,666 MW. The company is also preparing feasibility reports for an additional basket of 16,272 MW capacity.
NTPC CMD Arup Roy Choudhury said at 35th Annual General Meeting here that based on the demand growth and project plans, the Corporate Plan target of 128,000 MW capacity by the end of the 15th Five Year Plan, the year 2032, appears well within reach.
During 2010-11, NTPC signed Power Purchase Agreements (PPAs) for an aggregate capacity of 49,000 MW for supply over the next decade.
Choudhury said the company had appointed Mine-Developer- Cum-Operator (MDO) for its first coal mine at Pakri Barwadih with 15 MTPA (million tonne per annum) capacity during 2010-11. Besides, it has laid down the roadmap for appointment of MDOs for other coal mines to be developed by it.
NTPC has plans of fresh capacity addition at the existing stations, besides the nuclear and renewable capacity planned.
It is also working on overseas projects.
NTPC has signed a Joint Venture Agreement with Ceylon Electricity Board (CEB) of Sri Lanka with 50:50 equity participation for setting up the first overseas power project -- scheduled to be commissioned by 2016.
NTPC is also exploring the possibility of setting up a 1,320 MW coal based power project in Bangladesh through a 50:50 JV with Bangladesh Power Development Board (BPDB).
It has been engaged in the techno-commercial feasibility study for the project. The JV agreement has been finalised and is likely to be signed once the feasibility of the proposed project at Khulna is established.
NTPC is preparing the detailed project report for the 540 MW Amochu Hydro Electric Power Project in Bhutan which is likely to be submitted in the near future.
The trading arm NTPC Vidyut Vyapar Nigam (NVVN) has been given the mandate to carry out cross border electricity trade with Bhutan and Bangladesh. NVVN is in the process of signing a Power Purchase Agreement with BPDB for export of 250 MW power to Bangladesh. It is expected to commence trading of power from Bhutan from the year 2013-14.
