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NTPC working on to build 18,000 Mw of new capacity

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Press Trust of India Mumbai

PSU power major National Thermal Power Corporation (NTPC) is currently working on various new projects which will together add a new capacity of 18,000 Mw electricity, its Chairman said today.

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

NTPC Chairman R S Sharma said 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 the need arise during the year, he said. Asked about the quantum of funds the company may raise, he said it was not possible to decide on the quantum now.

 

Asked whether the government is likely to further disinvest its stake in the company and whether there would be any follow-on offer, he said it is only the government which can say about it. "I am not aware about it."

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

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First Published: Jun 05 2009 | 8:27 PM IST

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