The National Thermal Power Corporation (NTPC) is contemplating to obtain coal blocks in Indonesia, Mozambique and South Africa to replenish the fuel supply shortfall from domestic sources, reports Business Line.
The company has ambitious capacity addition targets and securing fule supply is a priority, according to NTPC`s new Chairman and Managing Director, Ram Sharan Sharma.
Out of the total requirement of 110 million tons to fuel its thermal power plants, the company currently imports about 2 million tons of coal, and is looking at coal mines abroad that can give upto 20 million tons of coal per annum.
The company needs about 5 million tons of coal for projects already planned and the balance would meet the fuel requirement of future projects. It has already floated a joint venture firm Coal Ventures International , with Steel Authority of India , Rashtriya Ispat Nigam , Coal India and National Mineral Development Corp to secure coal mines abroad.
Revealing the expansion plans, Ram Sharan Sharma said, the company plans to add 22,430 MW of new electricity generation units during the 11th Five Year Plan (2007-12), about 28.6 % over the 78,000 MW generation capacity government plans to add during the period with the objective of providing ``Power to all by the year 2012``
Shares of the company declined Rs 0.9, or 0.47%, to trade at Rs 191.8. The total volume of shares traded was 768,546 at the BSE
(Friday).
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