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Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP


COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.

"Our coal requirement of about a 164 million metric tonne for this year, of which about 132-133 metric tonne is lined up through Coal India and its different companies", said, Arup Roy Choudhury, chairman and managing director of National Thermal Power Corporation (NTPC) to CNBC-TV18.

"We will import 12 million metric tonne through State Trading Corporation (STC) and we will do around 4 million metric tonne. Both will be about 23-24 million metric tonne of equivalent Indian coal" he further said during Interview.

At the moment, we are very secure in our coal requirement. We have been blending only about 10% because that increases the tariff and cost of power. We would not like to implant too much of imported coal.

We are trying to keep ourselves with 10% of imported coal and 20% of our coal five years down the line. The balance of 70% will look at Coal India and its allied.

The requirement of imported coal by NTPC is limited to only 10% of its total requirement, according to chairman and managing director of NTPC.

NTPC’s current capacity is 34,000 Mw. It plans to add 5,000 Mw by the end of 2011-12. For the 12th five-year plan (2012-17), it has planned to add 25,000-35000 Mw capacity as reported by Business Standard.



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