NTPC plans Rs.20,000 cr capex in 2013-14

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SME Times News Bureau | 17 Aug, 2013
Country's largest power generator state-run NTPC Tuesday said it has planned capital expenditure of over Rs.20,000 crore during the current fiscal till March 31, 2014.

"We had a capex of Rs.19,926 crore during the previous financial year (2012-13) and plan to raise it to Rs.20,200 crore this fiscal," Arup Roy Choudhury, chairman and managing director of NTPC, said addressing shareholders at the company's Annual General Meeting here.

NTPC added 4,170 MW of capacity in the last fiscal to take its installed power generation capacity to over 41,000 MW.

The company awarded contracts for work of 8,521 MW capacity projects, the chairman said.

Choudhury also said the Cabinet Committee on Investment (CCI) has restored the coal linkage to NTPC's proposed 1,980 MW North Karanpura power plant in Jharkhand.Following differences with the power ministry over the location of the project, the coal ministry had, in 2008, withdrawn fuel linkages to the North Karanpura plant.

Following the government's disinvestment of 9.5 percent of stake last year, its shareholding in NTPC is now at 75 percent.