State-owned Steel Authority of India (SAIL) today said its captive power requirement is expected to rise to 4,600 Mw by 2020.
"By 2020, the average load of steel plants, including the power requirement of mines, is likely to grow to about 4,600 Mw, which the company plans to meet through captive sources," SAIL Chairman C S Verma said in a statement here.
The country's largest steelmaker is undertaking Rs 70,000 crore programme to expand its steel production capacity to about 23 million tonnes from present 14 million tonnes by 2012.
And by 2020, Verma said the target is to take production capacity to around 60 million tonnes per annum.
"In tandem, SAIL's power requirement is expected to grow to around 1,900 Mw by 2012-13 from the current level of about 1,180 Mw," he added.
Sail today received Rs 14.50 crore as dividend for the last fiscal from a joint venture company with power producer NTPC.
"SAIL received a cheque for Rs 14.5 crore as its share of dividend for the FY10 from NTPC-SAIL Power Company (NSPCL)," the company said.
NTPC-SAIL Power Company is a 50:50 profit-making joint venture between SAIL and NTPC formed in 2001. The company, which has a combined capacity of 814 Mw, supplies power to SAIL's Bhilai, Durgapur and Rourkela steel plants on captive basis.
NSPCL CEO R N Sen, SAIL Chairman C S Verma, SAIL Director (Technical) V K Gulhati, SAIL Director (Commercial) Shoeb Ahmed and other senior executives of the JV were present on the occasion.
