No risks from huge capacity addition target: NTPC CMD Reviewed by Momizat on . Allaying apprehensions arising out of company’s huge capacity addition target, state-run NTPC CMD AK Jha said that India needs to increase power production to a Allaying apprehensions arising out of company’s huge capacity addition target, state-run NTPC CMD AK Jha said that India needs to increase power production to a Rating: 0
You Are Here: Home » news » No risks from huge capacity addition target: NTPC CMD

No risks from huge capacity addition target: NTPC CMD

Allaying apprehensions arising out of company’s huge capacity addition target, state-run NTPC CMD AK Jha said that India needs to increase power production to achieve over 8% economic growth, when asked about risks of financial burden due to huge capacity addition target of 23,000MW in a situation when private players are facing problems.
He added, “We don’t think we will face any such situation. Secondly, all our plants have power purchase agreements. Thus there is no risks related to cost recovery because our plants are backed by power purchase and fuel supply agreements.”
NTPC has plans to build generation capacity of 128GW by 2032 with a lot more focus on renewable energy. It plans to build a portfolio of 10GW of solar PV capacity in next five years.
NTPC has spent Rs 23,239 crore on its expansion plans in 2014-15 as against planned capital expenditure of Rs 22,400 crore. In this fiscal, NTPC is expecting to surpass its capital expenditure target of Rs 23,000 crore.

About The Author

Number of Entries : 3918

Leave a Comment

Published by & © 2015 ITP Publishing India Pvt. Ltd. All Rights Reserved. | Use of this site constitutes acceptance of our User Policy, Privacy Policy and Terms & Conditions

ITP.com
Ahlan.ae Masala.ae Ahlan! Live - Celebrities, Gossips, Fashion, Events, Bars & Clubs, Restaurants, Reviews, Offers & Competitions ArabianOilandGas.com ArabianSupplyChain.com ArabianTravelDirectory.com ConstructionWeekOnline.com ConstructionWeekOnline.com DigitalProductionME.com Grazia.ae HotelierMiddleEast.com ITP.net TimeOutAbuDhabi.com TimeOutDubai.com Utilities-ME.com VivaMagazine.ae commsmea.com designmena.com
Scroll to top